Salaries of Commercial Real-Estate Brokers

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Commercial real-estate brokers assist clients with purchasing real estate to be used for business purposes, acting as a liaison between their client and the seller of the property. The salary of a commercial real-estate broker depends on his level of experience and the type of commercial property the broker specializes in.

Salaries

The Bureau of Labor Statistics states that as of May 2010, salaries for real estate brokers, including commercial brokers, began at less than $25,550 in the 10th percentile. Brokers in the 25th percentile earned less than $34,840 a year, and the median salary was $54,910. In the 75th percentile, brokers earned more than $90,170 annually; in the 90th percentile they earned more than $161,820, and the average salary was $76,060.

Commercial Industries

Brokers working in the construction of buildings earned an average salary of $77,860 as of May 2010, according to the bureau. Those employed by the management of companies and enterprises seeking new property earned an average of $82,680 a year, while those working for religious, grantmaking, civic, professional and similar organizations earned an average of $55,730. Brokers employed by the federal, state and local governments earned an average of $62,660 annually, and those working for insurance carriers earned an average of $61,130. The highest-paying industry for commercial brokers was investment pools and funds, where the average salary was $121,620 as of May 2010.

Location

The bureau names Florida as the state with the highest level of employed real estate brokers, including commercial brokers, offering a salary average of $62,640 as of May 2010. The highest concentration of broker jobs was in North Carolina, where the salary average was $55,950. New York was the highest-paying state for real estate brokers, with a salary average of $131,410, followed by Pennsylvania at $127,750 annually.

Qualifications

According to Intelicus, commercial real-estate brokers are required to complete between 60 and 90 hours of formal training and must pass a written exam for certification. Courses for commercial brokers typically include real estate finance, appraisal, economics and legal aspects. A commercial broker may also choose to specialize in a specific area, such as office properties, retail properties, industrial properties, business brokerage or investment properties.

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