Real estate brokers & sales agents

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2019 Workforce
690k
Average Age
48.7
Average Salary
$82,447
Average Male Salary
$103,470
Average Female Salary
$64,643

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 $82,447 in 2016. The top 3 most similar occupations to Real estate brokers & sales agents by wage are Credit counselors & loan officers, Radiation therapists, and Marine engineers & naval architects.

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 Advertising, public relations & related services. Real estate brokers & sales agents are paid most in Cupertino, Saratoga Cities & Los Gatos Town PUMA, CA but are relatively concentrated in Scottsdale City (Southeast) & Fountain Hills Town PUMA, AZ.

Wages

Yearly Wage

$82,447
AVERAGE SALARY
± $3,150

In 2019, Real estate brokers & sales agents earned an average of $82,447, $26,923 more than than the average national salary of $55,524.

Credit counselors & loan officers make somewhat more than Real estate brokers & sales agents while Marine engineers & naval architects 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

0.515
WAGE GINI

In 2015, Real estate brokers & sales agents had a wage GINI coefficient of 0.515, which is higher than than the national average of 0.478. 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

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Highest Paying

The highest paying industries for Real estate brokers & sales agents, by average wage, are Advertising, public relations & related services, Nondepository credit & related activities, and Insurance carriers.

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Industries by Share

690k
2019 Workforce
± 20,347
10.1%
1 YEAR GROWTH
± 3.88%

The number of people employed as Real estate brokers & sales agents has been growing at a rate of 10.1%, from 626,501 people in 2018 to 689,954 people in 2019.

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  93.8%, followed by Real estate property managers, offices of real estate appraisers, and other activities related to real estate with 2.13% and Construction with 0.639%.

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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 48.8 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 (Non-Hispanic).

Gender Composition

316k
MALE WORKFORCE
± 13,795
374k
FEMALE WORKFORCE
± 14,987

54.1% 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 (Non-Hispanic)
  2. White (Hispanic)
  3. Black (Non-Hispanic)

76% of Real estate brokers & sales agents are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 7.8% of Real estate brokers & sales agents, White (Hispanic) 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

48.8
AVERAGE MALE AGE
± 0.661
48.6
AVERAGE FEMALE AGE
± 0.586

The median age of Real estate brokers & sales agents is 48.7, and Male employees are generally 0.227 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.
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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.

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