How to Become a Real Estate Brokers in Tennessee
Real Estate Brokers in Tennessee earn a median salary of $60,150/year, which is 18% below the national average. Tennessee has no state income tax. After taxes and rent, a real estate brokers takes home approximately $2,669/month. Most positions require High school diploma or equivalent.
What a real estate brokers can afford in Tennessee
Becoming a real estate brokers in Tennessee
Meet education requirements
Real Estate Brokers positions in Tennessee typically require High school diploma or equivalent. Programs are available at colleges and training institutions across Tennessee. Research accredited programs in your area.
Gain required experience
Many real estate brokers positions in Tennessee require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Tennessee licensure or certification
Tennessee may require specific licensing or professional certification for real estate brokerss. Requirements vary by state, contact the Tennessee Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Tennessee
Tennessee employs 540 real estate brokers. The highest concentrations are in Nashville-Davidson--Murfreesboro--Franklin and Knoxville.
Real Estate Brokers salary by metro area in Tennessee
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | $62K | $29.98/hr | 170 |
| Knoxville | $58K | $28.02/hr | 70 |
| Memphis | $53K | $25.27/hr | 80 |
| Kingsport-Bristol | $45K | $21.76/hr | 40 |
Real Estate Brokers salary range in Tennessee
Real Estate Brokers careers in other states
Frequently asked questions
How much does a real estate brokers make in Tennessee?▼
The median real estate brokers salary in Tennessee is $60,150 per year ($28.92/hr). This is 18% below the national median of $73,220. Salaries range from $33,560 to $108,370.
What are the requirements to become a real estate brokers in Tennessee?▼
Real Estate Brokers positions in Tennessee typically require High school diploma or equivalent. Tennessee may have specific licensing or certification requirements. Check with the Tennessee licensing board or department of labor for current requirements.
Can a real estate brokers afford to live in Tennessee?▼
At the median salary of $60,150, a real estate brokers in Tennessee would take home approximately $4,197/month after taxes. With median 2-bedroom rent at $1,528/month, that's 36.4% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for real estate brokers in Tennessee?▼
The highest paying metro areas for real estate brokers in Tennessee are Nashville-Davidson--Murfreesboro--Franklin ($62,350), Knoxville ($58,280), Memphis ($52,570). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Tennessee have state income tax for real estate brokers?▼
No, Tennessee does not have a state income tax. This means real estate brokers keep more of their gross salary compared to states with income tax, a significant advantage for affordability.