How to Become a Real Estate Brokers in Massachusetts
Real Estate Brokers in Massachusetts earn a median salary of $112,180/year, which is 55% above the national average. Massachusetts has a state income tax of ~5.0%. After taxes and rent, a real estate brokers takes home approximately $5,396/month. Most positions require High school diploma or equivalent.
What a real estate brokers can afford in Massachusetts
Becoming a real estate brokers in Massachusetts
Meet education requirements
Real Estate Brokers positions in Massachusetts typically require High school diploma or equivalent. Programs are available at colleges and training institutions across Massachusetts. Research accredited programs in your area.
Gain required experience
Many real estate brokers positions in Massachusetts require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Massachusetts licensure or certification
Massachusetts may require specific licensing or professional certification for real estate brokerss. Requirements vary by state — contact the Massachusetts Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Massachusetts
Massachusetts has an active job market for real estate brokers. The highest concentrations are in Springfield and Boston-Cambridge-Newton.
Real Estate Brokers salary by metro area in Massachusetts
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Springfield | $123K | $59.18/hr | — |
| Boston-Cambridge-Newton | $109K | $52.36/hr | — |
| Worcester | $82K | $39.45/hr | 60 |
Real Estate Brokers salary range in Massachusetts
Real Estate Brokers careers in other states
Frequently asked questions
How much does a real estate brokers make in Massachusetts?▼
The median real estate brokers salary in Massachusetts is $112,180 per year ($53.93/hr). This is 55% above the national median of $72,280. Salaries range from $48,450 to $188,800.
What are the requirements to become a real estate brokers in Massachusetts?▼
Real Estate Brokers positions in Massachusetts typically require High school diploma or equivalent. Massachusetts may have specific licensing or certification requirements. Check with the Massachusetts licensing board or department of labor for current requirements.
Can a real estate brokers afford to live in Massachusetts?▼
At the median salary of $112,180, a real estate brokers in Massachusetts would take home approximately $6,808/month after taxes. With median 2-bedroom rent at $1,412/month, that's 20.7% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for real estate brokers in Massachusetts?▼
The highest paying metro areas for real estate brokers in Massachusetts are Springfield ($123,090), Boston-Cambridge-Newton ($108,910), Worcester ($82,050). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Massachusetts have state income tax for real estate brokers?▼
Yes, Massachusetts has a state income tax rate of approximately 5.0%. On a $112,180 salary, this means roughly $5,609/year in state income tax. Use our take-home pay calculator for a detailed breakdown.