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The average real estate broker salary for different states

Sally Perkins
Last updated: 2022/11/19 at 6:41 AM
Sally Perkins
4 Min Read
real estate brokers

Real estate brokers have two sources of income; a basic salary and commission. The basic salary is from the commissions the commission that an agent in the office gets. In the US, the agent gets 75%, and the broker gets 25%. This is called split.

There are also other companies that charge agents desk fees whether they have crossed a deal or not.

The amount paid to brokers can be high or low depending on the following:

  •         The average sale price of a property. Most real estate brokers are paid through commission, and the percentage in question depends on the amount that the house is going to be sold. If the state has a higher average sale price, the brokers will earn more.
  •         The ratio of the demand in the market and that of the available brokers. If an area has high demand and the number of brokers is few compared to the demand, they are going to earn more and vice versa.real estate brokers
  •         Difference preferences of a broker to continue presenting their client in the buying and selling of the property or not. Those that continue to represent clients tend to earn more because they earn a direct commission.

Who earns more between a broker and an agent?

As we have mentioned above, brokers with large brokerages and a large number of agents earn a pretty good amount; in addition, they can have all this and still decide to represent their clients. This means an additional amount since it will be a direct commission.

There are those brokers that have small brokerage and do not represent clients; this will have a decrease in money earned from the first one.

When it comes to agents, their salaries depend on the number of deals they close in a year.

According to research, the average real estate broker salary in the US is $68,256, and a basic salary of $42,000, to sum up to $110,256.

California is the highest on the list, with a gross salary of $127,556. This includes both salary and commission.

 

real estate brokers

State Average Statewide Broker Base Salary Average Statewide Broker Income (Salary + Commissions)
Alabama $60,225 $102,225
Alaska $65,375 $107,375
Arizona $59,696 $101,696
Arkansas $60,039 $102,039
California $85,556 $127,556
Colorado $77,926 $119,926
Connecticut $66,918 $108,918
Delaware $63,173 $105,173
Florida $78,787 $120,787
Georgia $75,162 $117,162
Hawaii $62,581 $104,581
Idaho $57,841 $99,841
Illinois $57,570 $99,570
Indiana $60,868 $102,868
Iowa $61,659 $103,659
Kansas $60,580 $102,580
Kentucky $59,566 $101,566
Louisiana $61,018 $103,018
Maine $36,000 $78,000
Maryland $67,383 $109,383
Massachusetts $64,732 $106,732
Michigan $81,925 $123,925
Minnesota $50,250 $92,250
Mississippi $57,651 $99,651
Missouri $63,733 $105,733
Montana $58,133 $100,133
Nebraska $60,680 $102,680
Nevada $76,938 $118,938
New Hampshire $62,099 $104,099
New Jersey $67,243 $109,243
New Mexico $70,533 $112,533
New York $71,434 $113,434
North Carolina $58,928 $100,928
North Dakota $62,257 $104,257
Ohio $62,184 $104,184
Oklahoma $49,852 $91,852
Oregon $57,154 $99,154
Pennsylvania $37,400 $79,400
Rhode Island $63,231 $105,231
South Carolina $60,705 $102,705
South Dakota $58,240 $100,240
Tennessee $48,563 $90,563
Texas $66,371 $108,371
Utah $65,209 $107,209
Vermont $61,111 $103,111
Virginia $71,313 $113,313
Washington $75,264 $117,264
West Virginia $58,559 $100,559
Wisconsin $48,920 $90,920
Wyoming $60,309 $102,309

 

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TAGGED: agents earn, pretty good amount, real estate, real estate brokers
By Sally Perkins
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