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

Employment

Diversity

Education

Skills

Growth Projections

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.

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Sales & related occupationsSales & Office Occupations

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

HIGHEST PAYING PUMAS

  1. Georgia Mountains Regional Commission (North & Northwest) PUMA, GA

  2. Middlesex County (Southwest) PUMA, NJ

  3. Ontario & Yates Counties PUMA, NY

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

  1. Miami Beach City & Miami Shores Village PUMA, FL

  2. Tamiami Trail Region (South)Tamiami PUMA, FL

  3. Scottsdale (North), Phoenix (Far Northeast) Cities & Cave Creek PUMA, AZ

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.

MOST COMMON MAJORS

  1. Business

  2. Social Sciences

  3. Education

MOST SPECIALIZED MAJORS

  1. Business

  2. Liberal Arts & Humanities

  3. Social Sciences

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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.

Radar Distribution

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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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