Real Estate Brokers: Salary, Education, and Career Path (2026)
The U.S. has 49,590 real estate brokers, and they earn a median of $72,280/year. The range runs from $37K to $167K. Iowa pays the most.
What it takes
The BLS lists the typical education for this role as varies by employer.
Entry-level real estate brokers start around $37K. The gap between that and the median ($72K) is where experience, certifications, and location make the difference.
Top earners clear $167K, but that's the 90th percentile. Getting there usually takes a decade or more of experience, the right credentials, and being in a high-paying market.
Salary progression
Highest paying states
| State | Median salary | Employment |
|---|---|---|
| Iowa | $117K | 740 |
| Massachusetts | $112K | N/A |
| New York | $94K | N/A |
| New Jersey | $93K | N/A |
| Connecticut | $91K | N/A |
| Nevada | $87K | 310 |
| Maryland | $83K | N/A |
| Vermont | $82K | N/A |
| California | $82K | 7,250 |
| Washington | $81K | 110 |
Frequently asked questions
How much does a real estate brokers make?▼
The median real estate brokers salary in the United States is $72,280 per year ($35/hour). Entry-level positions start around $36,920, while experienced professionals earn up to $166,730.
What education do you need to become a real estate brokers?▼
The BLS lists the typical entry-level education as varies by employer. State licensing or certification requirements vary, so check your state's board for specifics.
What is the job outlook for real estate brokers?▼
Check the Bureau of Labor Statistics Occupational Outlook Handbook for the latest employment projections for real estate brokers.
What are the highest paying states for real estate brokers?▼
The highest paying states for real estate brokers are Iowa ($116,920), Massachusetts ($112,180), New York ($94,170), New Jersey ($92,890), Connecticut ($90,910). Salaries vary significantly by location due to cost of living and local demand.