Real Estate Brokers and Sales Agents earn $57,400 median salary ($72,290 mean)
The median annual salary for real estate brokers and sales agents is $57,400, according to the U.S. Bureau of Labor Statistics. The average pay is $72,290, or about $28 per hour. Most earn between $33,710 and $129,040.
How much Real Estate Brokers and Sales Agents earn
The typical real estate agent or broker earns $57,400 per year. Half earn more, half less. The top 10% bring in over $129,040, while the bottom 10% make $33,710 or less. These figures come from the BLS Occupational Employment and Wage Statistics.
Pay varies widely because most agents work on commission. A slow market can slash income. Experienced agents with strong networks often land the highest deals.
Pay by state
Real estate pay differs by location. According to BLS data, the highest-paying states for this occupation typically include New York, California, and Massachusetts, where median salaries can exceed $70,000. The lowest-paying states tend to be in the South and Midwest, such as Mississippi and Arkansas, with medians below $40,000.
How to become Real Estate Brokers and Sales Agent
To become a real estate sales agent, you must complete pre-licensing courses (varying by state, typically 60-180 hours), pass a state exam, and get a license. Brokers need additional education and experience. Most agents start at a brokerage under a supervising broker.
- Complete state-approved pre-licensing coursework.
- Pass the real estate licensing exam.
- Find a sponsoring broker to work under.
- For broker license: gain 1-3 years experience and complete advanced coursework.
Job outlook
Employment of real estate brokers and sales agents is projected to grow along with the housing market. However, BLS does not provide a specific growth rate for this occupation for 2024-2034. Demand depends on broader economic conditions and interest rates.
Frequently asked questions
What is the median salary for real estate brokers and sales agents?
$57,400 per year, according to the BLS.
How do you become a real estate agent?
Complete pre-licensing classes, pass the state exam, and find a sponsoring broker.
What is the difference between a broker and an agent?
A broker has additional training and can work independently or hire agents. An agent must work under a broker.
Salary figures are U.S. Bureau of Labor Statistics estimates (OEWS / Employment Projections). For informational purposes only; not career or financial advice. See the full Real Estate Brokers and Sales Agents data.