Occupational Employment Statistics

DETAILED OCCUPATION DATA

41-9021 Real Estate Brokers

Occupational Description:
Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.

Occupational Employment Statistics(OES) Wage Data
First Quarter 2024

Geography	Employment	Emp SE*	Percentiles
Geography	Employment	Emp SE*	Mean	10th	25th	Median	75th	90th
Minnesota	810	260	$36.03/hr	$15.45/hr	$18.85/hr	$30.97/hr	$44.71/hr	$87.62/hr

Leading Industries for Real Estate Brokers

Industry	OES Employment (Statewide)	OES Median Wage (Statewide)
Trade, Transportation and Utilities	N/A	N/A
Financial Activities	780	$30.97/hr
Professional and Business Services	20	$39.87/hr

Other Regional Data for Real Estate Brokers

Geography	Employment	Median Wage	Projections % Change 2022-2032
Fargo ND-MN MSA	N/A	$57.13/hr	N/A
Grand Forks ND-MN MSA	N/A	N/A	N/A
La Crosse WI-MN MSA	N/A	N/A	N/A
Mankato-North Mankato MN MSA	N/A	$23.46/hr	N/A
Rochester MN MSA	N/A	N/A	N/A
St Cloud MN MSA	N/A	N/A	N/A
Northwest Balance of State	N/A	$13.14/hr	N/A
Northeast Balance of State	N/A	N/A	N/A
Southwest Balance of State	N/A	N/A	N/A
Southeast Balance of State	N/A	N/A	N/A
Northwest Minnesota	30	$13.14/hr	0.4%
Southwest Minnesota	30	$23.72/hr	-1.1%
Northeast Minnesota	40	$28.39/hr	0.9%
Southeast Minnesota	40	$28.29/hr	0.0%
Duluth MN-WI MSA	40	$30.48/hr	N/A
Central Minnesota	60	$23.72/hr	0.8%
Seven County Mpls-St Paul, MN	550	$32.65/hr	3.0%
Minneapolis-St Paul-Bloomington MN-WI MSA	580	$32.62/hr	N/A
Minnesota	810	$30.97/hr	1.8%

Related Occupations

Occupations	Employment	Median Wage	Projections % Change 2022-2032
Real Estate Sales Agents	1,890	$21.90/hr	1.8%
Property, Real Estate, and Community Association Managers	5,140	$30.71/hr	4.0%
Loan Officers	7,270	$40.54/hr	0.7%

Task for Real Estate Brokers

Manage or operate real estate offices, handling associated business details.
Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
Obtain agreements from property owners to place properties for sale with real estate firms.
Give buyers virtual tours of properties in which they are interested, using computers.
Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
Supervise agents who handle real estate transactions.
Sell, for a fee, real estate owned by others.