Real Estate Broker Salary in Detroit, Michigan

How much does a Real Estate Broker make in Detroit, MI?

As of April 01, 2025, the average annual salary for a Real Estate Broker in Detroit, MI is $100,450. According to Salary.com, salaries can range from a low of $79,457 to a high of $126,934, with most professionals earning between $89,462 and $114,313.

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Salary range for a Real Estate Broker

$89,462 to $114,313

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What is a Real Estate Broker?

A Real Estate Broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually work under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. In North America, some brokers and agents are members of the National Association of Realtors (NAR), the largest trade association for the industry. NAR members are obligated by a code of ethics that go above and ...

Source: Wikipedia (as of 09/06/2019). Read more from Wikipedia

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Job Openings for Real Estate Broker in Detroit, MI

What does a Real Estate Broker do?

Common responsibilities of a Real Estate Broker

Participate in Brokerage Team Meetings and weekly sales meetings to update colleagues on leasing activity, market information, new business generating efforts, prospects and market knowledge and trends.

November 01, 2022

Manage property tours with industry colleagues and prospects, creating a professional and engaging tour experience that features the benefits and appeal of our portfolio assets.

January 03, 2023

Build long-term relationships with current and future property owners and property management company.

January 12, 2023

Develop new opportunities within specific geographies served by our team to ensure growth for our business.

April 14, 2023

Prepare annual budgets and review monthly financial reports for individual portfolio properties and provide to owners monthly and quarterly.

April 16, 2023

Assist Brokerage team with all market related research including but not limited to rental rate trends, sales comparable information, new self storage development (recent, planned and under construction).

April 18, 2023

Provide world class customer service to clients to ensure their satisfaction and trust and increase sales volume.

May 07, 2023

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Real Estate Broker Salary By Experience Levels in Detroit, MI

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Real Estate Broker Salary By Level of Education in Detroit, MI

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Real Estate Broker in Detroit, MI

Average Base Salary

Core compensation

89462

114313

100450

Average Total Cash Compensation

Includes base and annual incentives

94529

127151

108337

What is the average salary for Real Estate Broker in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Real Estate Broker in Detroit, MI. The base salary for Real Estate Broker ranges from $89,462 to $114,313 with the average base salary of $100,450. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $94,529 to $127,151 with the average total cash compensation of $108,337.

View Average Salary for Real Estate Broker as table

	Average Salary	Average Salary Range
Base Salary	$100,450	$89,462 - $114,313
Bonus	$7,887	$5,067 - $12,838
Total Pay	$108,337	$94,529 - $127,151

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Real Estate Broker Salary Near Detroit, MI

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Detroit, MI
CITY, STATE Dearborn, MI	AVERAGE SALARY RANGE $89,462 - $114,313	COMPARE TO Detroit, MI 0%
CITY, STATE Dearborn Heights, MI	AVERAGE SALARY RANGE $89,417 - $114,256	COMPARE TO Detroit, MI
CITY, STATE Livonia, MI	AVERAGE SALARY RANGE $89,176 - $113,947	COMPARE TO Detroit, MI
CITY, STATE Taylor, MI	AVERAGE SALARY RANGE $89,319 - $114,130	COMPARE TO Detroit, MI
CITY, STATE Westland, MI	AVERAGE SALARY RANGE $89,337 - $114,153	COMPARE TO Detroit, MI
CITY, STATE Southfield, MI	AVERAGE SALARY RANGE $89,274 - $114,073	COMPARE TO Detroit, MI

See salaries for Real Estate Broker in locations close to Detroit, MI. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Detroit, Michigan

Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, the largest United States city on the United States–Canada border, and the seat of Wayne County. The municipality of Detroit had a 2017 estimated population of 673,104, making it the 23rd-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area. Regarded as a major cultural center, Detroit is known for its co...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Real Estate Managing Broker	LOCATION Detroit, MI	MINIMUM SALARY $89,462	MAXIMUM SALARY $114,313
JOB TITLE Associate Real Estate Broker	LOCATION Detroit, MI	MINIMUM SALARY $87,517	MAXIMUM SALARY $119,406
JOB TITLE Commercial Real Estate Broker	LOCATION Detroit, MI	MINIMUM SALARY $73,846	MAXIMUM SALARY $99,679
JOB TITLE Residential Real Estate Broker	LOCATION Detroit, MI	MINIMUM SALARY $95,012	MAXIMUM SALARY $124,495
JOB TITLE Real Estate Broker Assistant	LOCATION Detroit, MI	MINIMUM SALARY $85,213	MAXIMUM SALARY $109,420
JOB TITLE Real Estate Broker Manager	LOCATION Detroit, MI	MINIMUM SALARY $111,484	MAXIMUM SALARY $140,840

The Real Estate Broker job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Detroit, MI that might be a good fit for the type of job and salary you are looking for.

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