Real estate brokers & sales agents

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Total Workforce

627k

Average Age

47.9

Average Salary

$77,365

Average Male Salary

$97,188

Average Female Salary

$60,869

About

Employment

Diversity

Education

Skills

About

Real estate brokers & sales agents are most often employed by the Lessors of real estate, and offices of real estate agents and brokers industry. The average yearly wage for Real estate brokers & sales agents was $77,365 in 2016. The top 3 most similar occupations to Real estate brokers & sales agents by wage are Network and computer systems administrators, Urban & regional planners, and Radiation therapists.

Real estate brokers & sales agents are part of the Sales & related occupations, along with Firstline supervisors of retail sales workers, Firstline supervisors of nonretail sales workers, Cashiers, Counter & rental clerks, Parts salespersons, and 13 more.

The top 3 locations that employ the most Real estate brokers & sales agents are Newport Beach, Aliso Viejo & Laguna Hills Cities PUMA, CA, Baton Rouge City PUMA, LA, and LA City (Central/Hancock Park & Mid-Wilshire) PUMA, CA. The top 3 locations with a relatively high concentration of Real estate brokers & sales agents are Coral Gables City, Pinecrest Village & Kendall (South) PUMA, FL, Newport Beach, Aliso Viejo & Laguna Hills Cities PUMA, CA, and Aventura City & Surfside Town PUMA, FL.

Photo by Sherwood CC

Employment

Information on the businesses and industries that employ Real estate brokers & sales agents and on wages and locations for those in the field. Lessors of real estate, and offices of real estate agents and brokers 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 Cupertino, Saratoga Cities & Los Gatos Town PUMA, CA but are relatively concentrated in Coral Gables City, Pinecrest Village & Kendall (South) PUMA, FL.

Wages

Yearly Wage

$77,365

AVERAGE SALARY

± $3,097

In 2018, Real estate brokers & sales agents earned an average of $77,365, $23,477 more than than the average national salary of $53,888.

Radiation therapists make somewhat more than Real estate brokers & sales agents while Network and computer systems administrators 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

0.526

WAGE GINI

In 2018, Real estate brokers & sales agents had a wage GINI coefficient of 0.526, 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

HIGHEST PAYING PUMAS

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

PUMAs with a Relatively High Concentration of Real estate brokers & sales agents

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 Lessors of real estate, and offices of real estate agents and brokers, Real estate property managers, offices of real estate appraisers, and other activities related to real estate, 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, Securities, commodities, funds, trusts & other financial investments, Construction, Banking & related activities, Banking & related activities, and Insurance carriers.

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Industries by Share

627k

2018 Workforce

± 19,392

-0.753%

1 YEAR GROWTH

± 4.4%

The number of people employed as Real estate brokers & sales agents has been declining at a rate of -0.753%, from 631,257 people in 2017 to 626,501 people in 2018.

This graphic shows the share of Real estate brokers & sales agents employed by various industries. Lessors of real estate, and offices of real estate agents and brokers employs the largest share of Real estate brokers & sales agents at 94.2%, followed by Real estate property managers, offices of real estate appraisers, and other activities related to real estate with 2.42% and Construction with 0.729%.

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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 47.9 and of female Real estate brokers & sales agents is 47.9, and the most common race/ethnicity for Real estate brokers & sales agents is White.

Gender Composition

285k

MALE WORKFORCE

± 13,084

342k

FEMALE WORKFORCE

± 14,340

54.6% 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

White
Black
Asian

83.2% of Real estate brokers & sales agents are White, making that the most common race or ethnicity in the occupation. Representing 6.07% 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

47.9

AVERAGE MALE AGE

± 0.676

47.9

AVERAGE FEMALE AGE

± 0.614

The median age of Real estate brokers & sales agents is 47.9, and Male employees are generally 0.0544 years older 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.

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

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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 Active Listening and Speaking. The revealed comparative advantage (RCA) shows that Real estate brokers & sales agents need more than the average amount of Negotiation, Management of Financial Resources, and Persuasion.