#1 city real estate broker salary
Leave it to ABC News to inadequately explain how Sacramento ranks #1 for real estate broker income across the nation. They say Sacramento real estate brokers make more money than anywhere else in the country. The reason? According to ABC News, it’s because we’re such a small real estate market and there are not very many brokers in town, and those who are here have a stronghold. The newer brokers go to San Francisco, says ABC.
In some ways, it sounds like they might be mixing up real estate agents with brokers. The average income for Sacramento real estate brokers, according to the Business Journal, is $156,780 versus $79,340 nationally. Of course, I don’t know how many real estate brokerages there are in Sacramento, but I know many agents who make more than that income on average. Long-term brokers also don’t have much of a hold on the marketplace.
Besides, if that were true, how did I sail into town 15 years ago and jump to the top 10 agents in Sacramento? I don’t know why they even compared the salary of brokers, which is generally based on the percentage of agent income they take. Still, doesn’t change the fact that according to a BJ survey, Sacramento real estate brokers lead the nation for average income.
However, Sacramento real estate agents do not. Real estate agents in Sacramento earn 4% less than the national average. It’s even worse to be a dentist. Dentists earn minus 7.5% of national average. Even though I am a broker-associate, I am not “the” broker of my brokerage. I work more in the capacity of a real estate agent for my listings and sorta like a broker of my team of agents.
In any case, it doesn’t change the fact that if I had moved to Newport Beach instead of Sacramento, I’d own an island in the South Pacific right now. So Sacramento real estate brokers might be making more than the national average, but in reality it doesn’t equate to much.