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Occupational Employment Statistics


DETAILED OCCUPATION DATA

41-9021 Real Estate Brokers



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.

Geography Click link for Career Profile EmploymentEmp SE*Percentiles
Mean10th25thMedian75th90th
Seven County Mpls-St Paul, MN 1,15036$38.07/hr$32.04/hr$32.16/hr$41.18/hr$41.51/hr$41.51/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Trade, Transportation and Utilities10$40.46/hr
Financial Activities1,460$40.08/hr
Professional and Business Services30$50.73/hr
 
Geography Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Fargo ND-MN MSA N/AN/AN/A
Grand Forks ND-MN MSA N/AN/AN/A
La Crosse WI-MN MSA N/AN/AN/A
Rochester MN MSA N/A$31.66/hrN/A
St Cloud MN MSA N/AN/AN/A
Northeast Balance of State N/AN/AN/A
Southwest Balance of State N/AN/AN/A
Mankato-North Mankato MN MSA 20$29.97/hrN/A
Southwest Minnesota 30$32.16/hrN/A
Southeast Balance of State 30$32.22/hrN/A
Southeast Minnesota 40$32.22/hrN/A
Northeast Minnesota 50$25.47/hrN/A
Duluth MN-WI MSA 50$25.47/hrN/A
Northwest Balance of State 80$32.22/hrN/A
Northwest Minnesota 90$32.22/hrN/A
Central Minnesota 120$37.97/hr-0.8%
Seven County Mpls-St Paul, MN 1,150$41.18/hr3.8%
Minneapolis-St Paul-Bloomington MN-WI MSA 1,240$41.18/hrN/A
Minnesota 1,500$40.09/hr2.9%


Occupations Click link for details EmploymentMedian WageProjections
% Change 2020-2030
Real Estate Sales Agents 2,640$19.33/hr2.9%
Property, Real Estate, and Community Association Managers 4,150$30.55/hr0.4%
Loan Officers 7,520$39.79/hr2.3%


  • 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.