Real Estate Broker Salary in Oak Park, Illinois

How much does a Real Estate Broker make in Oak Park, IL?

As of April 01, 2025, the average annual salary for a Real Estate Broker in Oak Park, IL is $103,795. According to Salary.com, salaries can range from a low of $82,103 to a high of $131,160, with most professionals earning between $92,441 and $118,119.

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Salary range for a Real Estate Broker

$92,441 to $118,119

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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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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 Oak Park, IL

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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 Oak Park, IL

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LEVEL OF EDUCATION

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Average Salary Range for Real Estate Broker in Oak Park, IL

Average Base Salary

Core compensation

92441

118119

103795

Average Total Cash Compensation

Includes base and annual incentives

97677

131384

111944

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 Oak Park, IL. The base salary for Real Estate Broker ranges from $92,441 to $118,119 with the average base salary of $103,795. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $97,677 to $131,384 with the average total cash compensation of $111,944.

View Average Salary for Real Estate Broker as table

	Average Salary	Average Salary Range
Base Salary	$103,795	$92,441 - $118,119
Bonus	$8,149	$5,236 - $13,265
Total Pay	$111,944	$97,677 - $131,384

* 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 Oak Park, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Oak Park, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $92,441 - $118,119	COMPARE TO Oak Park, IL 0%
CITY, STATE Chicago, IL	AVERAGE SALARY RANGE $92,441 - $118,119	COMPARE TO Oak Park, IL 0%
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $92,333 - $117,982	COMPARE TO Oak Park, IL
CITY, STATE Palatine, IL	AVERAGE SALARY RANGE $90,517 - $115,662	COMPARE TO Oak Park, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $90,509 - $115,650	COMPARE TO Oak Park, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $92,405 - $118,073	COMPARE TO Oak Park, IL

See salaries for Real Estate Broker in locations close to Oak Park, IL. 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 Oak Park, Illinois

Oak Park is located immediately west of the city of Chicago. The boundary between the two municipalities is Austin Boulevard on the east side of Oak Park and North Avenue/Illinois Route 64 on the village's north side. Oak Park borders Cicero along its southern border, Roosevelt Road/Illinois Route 38, from Austin to Lombard; and Berwyn from Lombard to Harlem Avenue. Harlem/Illinois Route 43 serves as its western border, where between Roosevelt and South Boulevard, it borders Forest Park and between North Boulevard and North Avenue to the west it borders River Forest. The entire village of Oak ...

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

View Salary for Similar Jobs to Real Estate Broker in Oak Park, IL

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JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Real Estate Managing Broker	LOCATION Oak Park, IL	MINIMUM SALARY $92,441	MAXIMUM SALARY $118,119
JOB TITLE Associate Real Estate Broker	LOCATION Oak Park, IL	MINIMUM SALARY $90,431	MAXIMUM SALARY $123,382
JOB TITLE Commercial Real Estate Broker	LOCATION Oak Park, IL	MINIMUM SALARY $76,305	MAXIMUM SALARY $102,998
JOB TITLE Residential Real Estate Broker	LOCATION Oak Park, IL	MINIMUM SALARY $95,012	MAXIMUM SALARY $124,495
JOB TITLE Real Estate Broker Assistant	LOCATION Oak Park, IL	MINIMUM SALARY $88,050	MAXIMUM SALARY $113,063
JOB TITLE Real Estate Broker Manager	LOCATION Oak Park, IL	MINIMUM SALARY $115,196	MAXIMUM SALARY $145,530

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