Real estate brokers & sales agents

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Total Workforce

631k

Average Age

48.2

Estimated Job Growth

5.61%

10-year projection

Average Salary

$75,919

Average Male Salary

$96,071

Average Female Salary

$59,575

About

Real estate brokers & sales agents are most often employed by the Real estate industry. The average yearly wage for Real estate brokers & sales agents was $75,919 in 2016. The top 3 most similar occupations to Real estate brokers & sales agents by wage are Other Computer Occupations, Geological & petroleum technicians, & nuclear technicians, and Training & development managers.

The top 3 locations that employ the most Real estate brokers & sales agents are Spring Valley & Summerlin South PUMA, NV, Tampa City (South) PUMA, FL, and San Clemente, Laguna Niguel & San Juan Capistrano Cities PUMA, CA. The top 3 locations with a relatively high concentration of Real estate brokers & sales agents are Greater Delray Beach City PUMA, FL, Miami Beach City & Miami Shores Village PUMA, FL, and Palm Beach County (Northeast) PUMA, FL.

Employment

Information on the businesses and industries that employ Real estate brokers & sales agents and on wages and locations for those in the field. Real estate is the industry that employs the most Real estate brokers & sales agents, both by share and by number, though the highest paid industry for Real estate brokers & sales agents, by average wage, is Securities, commodities, funds, trusts & other financial investments. Real estate brokers & sales agents are paid most in Georgia Mountains Regional Commission (North & Northwest) PUMA, GA but are relatively concentrated in Greater Delray Beach City PUMA, FL.

Wages

Yearly Wage

$75,919

AVERAGE SALARY

± $2,935

In 2017, Real estate brokers & sales agents earned an average of $75,919, $23,854 more than than the average national salary of $52,065.

Other Computer Occupations make somewhat more than Real estate brokers & sales agents while Geological & petroleum technicians, & nuclear technicians make somewhat less. This chart shows the various occupations closest to Real estate brokers & sales agents as measured by average annual salary in the US.

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Wage Distribution

0.525

WAGE GINI

In 2017, Real estate brokers & sales agents had a wage GINI coefficient of 0.525, which is higher than than the national average of 0.479. In other words, wages are distributed less evenly for Real estate brokers & sales agents (shown in red) than for the overall labor force (shown in gray).

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Wage by Location

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Real estate brokers & sales agents.

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Spatial Concentration

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Real estate brokers & sales agents.

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Industries

Most Common

The most common industries employing Real estate brokers & sales agents, by number of employees, are Real estate, Insurance carriers & related activities, and Construction.

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Highest Paying

The highest paying industries for Real estate brokers & sales agents, by average wage, are Securities, commodities, funds, trusts & other financial investments, Construction, and Banking & related activities.

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Industries by Share

631k

2017 Workforce

± 19,465

3.68%

1 YEAR GROWTH

± 4.24%

The number of people employed as Real estate brokers & sales agents has been growing at a rate of 3.68%, from 608,873 people in 2016 to 631,257 people in 2017.

This graphic shows the share of Real estate brokers & sales agents employed by various industries. Real estate employs the largest share of Real estate brokers & sales agents at  97.3%, followed by Insurance carriers & related activities with 0.422% and Construction with 0.376%.

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Diversity

Demographic information on Real estate brokers & sales agents in the US. The average age of male Real estate brokers & sales agents in the workforce is 47.8 and of female Real estate brokers & sales agents is 48.6, and the most common race/ethnicity for Real estate brokers & sales agents is White.

Gender Composition

283k

MALE WORKFORCE

± 13,041

349k

FEMALE WORKFORCE

± 14,478

55.2% of Real estate brokers & sales agents are Female, making them the more common gender in the occupation. This chart shows the gender breakdown of Real estate brokers & sales agents.

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Race & Ethnicity

Most Common Race or Ethnicity of Real estate brokers & sales agents

  1. White

  2. Black

  3. Asian

84% of Real estate brokers & sales agents are White, making that the most common race or ethnicity in the occupation. Representing 6.29% of Real estate brokers & sales agents, Black is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Real estate brokers & sales agents.

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Age by Gender

47.8

AVERAGE MALE AGE

± 0.686

48.6

AVERAGE FEMALE AGE

± 0.597

The median age of Real estate brokers & sales agents is 48.2, and Male employees are generally 0.788 years younger than than their Female counterparts.

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Education

Data on higher education choices for Real estate brokers & sales agents from The Department of Education and Census Bureau. The most common major for Real estate brokers & sales agents is Business but a relatively high number of Real estate brokers & sales agents hold a major in Business.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

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Skills

Data on the critical and distinctive skills necessary for Real estate brokers & sales agents from the Bureau of Labor Statistics. Real estate brokers & sales agents need many skills, but most especially Speaking and Reading Comprehension. The revealed comparative advantage (RCA) shows that Real estate brokers & sales agents need more than the average amount of Negotiation, Persuasion, and Management of Financial Resources.

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Bar Chart

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Growth Projections

Projections on wages and job growth for Real estate brokers & sales agents from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Real estate brokers & sales agents are expected to see a growth of 5.61% over the same period. This occupation is expected to grow slower than the national average.

Job Growth

5.61%

ESTIMATED GROWTH

7.4%

NATIONAL AVERAGE

This line chart shows the 10-year projected employment growth (from 2016 to 2026) for Real estate brokers & sales agents. This profession is expected to grow lower than 7.4%, the average rate of national job growth.

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