Real estate brokers & sales agents

Detailed Occupation

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2020 Workforce
649k
Average Age
48.5
Average Salary
$80,663
Average Male Salary
$102,144
Average Female Salary
$62,904

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 $80,663 in 2016. The top 3 most similar occupations to Real estate brokers & sales agents by wage are Urban & regional planners, Emergency management directors, and Accountants & auditors.

The top 3 locations that employ the most Real estate brokers & sales agents are Newport Beach, Aliso Viejo & Laguna Hills Cities PUMA, CA, Barrier Islands Region PUMA, FL, and Upper West Side & West Side PUMA, NY. The top 3 locations with a relatively high concentration of Real estate brokers & sales agents are Barrier Islands Region PUMA, FL, Aventura City & Surfside Town PUMA, FL, and Coral Gables City, Pinecrest Village & Kendall (South) 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. 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 General merchandise stores, including warehouse clubs and supercenters. Real estate brokers & sales agents are paid most in Grand Forks City PUMA, ND but are relatively concentrated in Barrier Islands Region PUMA, FL.

Wages

Yearly Wage

$80,663
AVERAGE SALARY
± $3,102

In 2020, Real estate brokers & sales agents earned an average of $80,663, $24,709 more than than the average national salary of $55,954.

Emergency management directors make somewhat more than Real estate brokers & sales agents while Urban & regional planners 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

0.52
WAGE GINI

In 2015, Real estate brokers & sales agents had a wage GINI coefficient of 0.52, 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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Industries by Share

649k
2020 Workforce
± 19,737
3.17%
1 YEAR GROWTH
± 4.2%

The number of people employed as Real estate brokers & sales agents has been growing at a rate of 3.17%, from 629,159 people in 2019 to 649,086 people in 2020.

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  87.1%, followed by Real estate property managers, offices of real estate appraisers, and other activities related to real estate with 9.35% and Construction with 0.699%.

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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 48.3 and of female Real estate brokers & sales agents is 48.7, and the most common race/ethnicity for Real estate brokers & sales agents is White (Non-Hispanic).

Composition by Sex

294k
MALE WORKFORCE
± 13,294
355k
FEMALE WORKFORCE
± 14,617

54.7% of Real estate brokers & sales agents are Female, making them the more common sex in the occupation. This chart shows the sex 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)

75.5% of Real estate brokers & sales agents are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 7.08% 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 Sex

48.3
AVERAGE MALE AGE
± 0.678
48.7
AVERAGE FEMALE AGE
± 0.595

The median age of Real estate brokers & sales agents is 48.5, and Male employees are generally 0.318 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 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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