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Real Estate Broker

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AVG. SALARY

$75,890

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EDUCATION

Post-secondary training +

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JOB OUTLOOK

Decreasing

Money & Outlook

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North Dakota Earnings

Average Annual Wage

$75,890

Entry Annual Wage

$64,140

Experienced Annual Wage

$114,980

Average Hourly Wage

$36.49

Entry Hourly Wage

$30.84

Experienced Hourly Wage

$55.28

Median Hourly Wage

$33.14

North Dakota's Employment and Outlook (State-wide)

Outlook Decreasing
Growth rate is estimated to be -1%
Job Openings 16 estimated annual job openings
Employment 201 were employed in this occupation

North Dakota's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 5 58 3% 5 5
Region 7 43 2% 4 4
Region 8 18 0% 2 2

Regions with decreasing outlook (negative growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 2 24 -8% 2 2
Region 4 19 -5% 2 2
Region 6 16 -19% 1 1

National Earnings

Average Annual Wage

$86,130

Average Hourly Wage

$41.41

Average Annual Range

$36,490 to $160,980

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook stable
  The employment change from 2022 to 2032 is estimated to be +4%.
(The National average for all occupations is +3%)
Job Openings very small number
  A total of 1120 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment small occupation
  This was a small occupation in the United States, employing 127,200 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Average growth
  There will be a continued demand for real estate brokers and sales agents because people turn to these workers when looking for a new home, relocating, or purchasing property for a business, among other reasons. Employment is projected to grow along with the real estate market. 
Self-Employment In 2022, 58% of the people in this occupation were self-employed.
Industries Large concentrations of this occupation are found in these industries
  • Self-employed workers (58%)
  • Real estate and rental and leasing (NAICS530000) (38.7%)
  • Real estate (NAICS531000) (38.6%)