Career Outlook

Real Estate Brokers

BLS employment projections 2023–2033 · SOC 41-9021

Projected Growth

+3.3%

2023–2033

Annual Openings

9.7

projected/year

Median Salary

$73K

annual (BLS 2025)

Current Employment

46,100

workers (2023)

The Real Estate Brokers career outlook (SOC 41-9021) combines two separate BLS data products: Employment Projections for 2023-2033 trajectory, and Occupational Employment and Wage Statistics from May 2025 for current pay. Projected employment change is +3.3% over the decade, which BLS classifies as about as fast as average versus the 5% all-occupations baseline. That places it 1.7 percentage points below the national average across all occupations. Annual openings combining growth, retirement replacement, and transfers are projected at 9.7 per year.

Current workforce size for this occupation stands at approximately 46,100 based on the BLS OEWS May 2025 count. Median pay sits at $73,220 per year ($35.20/hr/hour), with a 10th-to-90th percentile spread from $37,110 to $143,300 — enough range that the choice between entry and senior positioning can change total earnings by 2-3× over a career. Typical entry-level credential is High school diploma or equivalent, with less than 5 years of prior experience generally expected.

Growth projections are directional indicators, not guarantees. BLS revises these every two years based on updated demographic, technology, and policy inputs — the 2023-2033 projections already factor in assumptions about AI adoption, remote-work normalization, demographic aging, energy transition, and post-pandemic industry shifts, but unforeseen disruptions (recessions, breakthrough technologies, policy changes) can reshape 5-year-out numbers. When treating this page as career-decision evidence, pair the growth percentage with annual openings (small occupations growing fast can still offer few actual entry points, while large occupations growing slowly can offer thousands of replacement opportunities), look at the percentile pay band to understand realistic entry and senior compensation, and check whether the credential requirements match your current educational investment. The "Similar Occupations" list below highlights adjacent SOC codes worth considering as comparison anchors or alternative pathways.

Job Growth Projection

+3.3%

About as fast as average

vs. national average (5%)

-1.7% below

National avg (5%) Real Estate Brokers (3.3%)

Entry Requirements

Ed

Typical Education

High school diploma or equivalent

Exp

Work Experience Required

Less than 5 years

Tr

On-the-Job Training

None

Salary Data (BLS 2025)

Percentile Annual
10th Percentile (Entry) $37,110
25th Percentile $46,480
Median (50th) $73,220
75th Percentile $103,360
90th Percentile (Senior) $143,300
Mean (Average) $83,950

Frequently Asked Questions

Is Real Estate Brokers a growing field?

Real Estate Brokers is projected to grow by 3.3% from 2023 to 2033, which is about as fast as average. The national average for all occupations is about 5%.

What education is needed to become a Real Estate Brokers?

The typical entry-level education requirement for Real Estate Brokers is: High school diploma or equivalent. Work experience required: Less than 5 years. On-the-job training: None.

How many Real Estate Brokers jobs will be available?

There are approximately 9.7 annual job openings projected for Real Estate Brokers, which includes new positions due to growth plus openings from workers who retire or change occupations.

What is the median salary for a Real Estate Brokers?

The median annual salary for Real Estate Brokers is $73,220 ($35.20/hr), based on BLS OEWS May 2025 data. Half of workers earn more and half earn less than this amount.

Similar Career Paths

Occupations in SOC major group 41 with comparable growth and entry requirements.

Last updated: May 2025 (BLS OEWS annual release). Source: Bureau of Labor Statistics, Employment Projections 2023–2033. Salary data: BLS OEWS May 2025.

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