Average Real Estate Broker Salary in Georgia for 2024

In this article, we will look at the average Real Estate Broker salary for 2024 in Georgia and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the lari. To keep things simple, we are using the GEL currency code instead of the currency symbol โ‚พ.

How Much Does a Real Estate Broker Make in Georgia?

A Real Estate Broker working in Georgia will typically earn around 66,820 GEL per year, and this can range from the lowest average salary of about 31,520 GEL to the highest average salary of 100,280 GEL.

Average Annual Salary
66,820 GEL
Average Monthly Salary
5,568 GEL

Lowest Annual Salary
31,520 GEL
Lowest Monthly Salary
2,626 GEL

Highest Annual Salary
100,280 GEL
Highest Monthly Salary
8,356 GEL

These are average salaries for a Real Estate Broker in Georgia and include benefits such as housing and transport. It's also possible for a Real Estate Broker to earn more or less than the average salaries shown above.

Real Estate Broker salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Real Estate Broker Salaries in Georgia

So we've looked at the average salaries a Real Estate Broker will earn in Georgia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Real Estate Broker can earn between 31,520 GEL and 100,280 GEL on average in Georgia. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Real Estate Broker in Georgia is 66,820 GEL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 66,820 GEL, and 50% of the population earn more than 66,820 GEL.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Real Estate Broker salary in Georgia, 25% of the population are earning less than 45,200 GEL while 75% of the population earn more than 45,200 GEL.

75% of the population earn less than 83,400 GEL, and 25% of the population earn more than 83,400 GEL.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Real Estate Broker Salary by Experience Level in Georgia

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average real estate broker salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Real Estate Broker in Georgia that has less than two years of experience can expect to earn somewhere in the region of 39,800 GEL.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Broker salary would increase to 51,400 GEL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Broker, the average salary would be 68,400 GEL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 82,920 GEL.
  • 15 - 20 Years Experience. A Real Estate Broker with 15 to 20 years of experience can earn an average of 88,600 GEL.
  • 20+ Years Experience. For a Real Estate Broker with more than 20 years, the expected average salary increases to 96,980 GEL.

Average Salary by Experience Chart

0-2 Years
39,800 GEL
2-5 Years +32%
51,400 GEL
5-10 Years +34%
68,400 GEL
10-15 Years +19%
82,920 GEL
15-20 Years +8%
88,600 GEL
20+ Years +7%
96,980 GEL

Real Estate Broker Salary by Education Level in Georgia

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Real Estate Broker in Georgia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Real Estate Broker in Georgia with a high school education can earn an average salary of 48,640 GEL.

  • Certificate or Diploma. A Real Estate Broker in Georgia with a certificate or diploma education can earn an average salary of 54,280 GEL.

  • Bachelor's Degree. A Real Estate Broker in Georgia with a bachelor's degree education can earn an average salary of 74,380 GEL.

  • Master's Degree. A Real Estate Broker in Georgia with a master's degree education can earn an average salary of 96,980 GEL.

Average Salary by Education Chart

High School
48,640 GEL
Certificate or Diploma +14%
54,280 GEL
Bachelor's Degree +36%
74,380 GEL
Master's Degree +26%
96,980 GEL

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Georgia is around 33,700 to 101,000 GEL and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Real Estate Broker Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Georgia, a male real estate broker will earn an average of 65,080 GEL, while a female real estate broker will earn around 61,760 GEL.

This means that a male real estate broker earns approximately 5% more than a female real estate broker for performing the same job.

Average Salary by Gender Chart in Georgia

Male
65,080 GEL
Female -5%
61,760 GEL

Real Estate Broker Average Pay Raise in Georgia

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Real Estate Broker in Georgia is around 7% every 28 months.

The national average pay raise across all professions and industries in Georgia is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Real Estate Broker in Georgia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Georgia for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Georgia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Real Estate Broker Bonus and Incentive Rates in Georgia

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Real Estate Broker is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
37%
No Bonus
63%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Georgia earn approximately 20% more than private sector employees in the same role.

Public Sector
89,800 GEL
Private Sector -20%
74,940 GEL

Salaries for Jobs Similar to a Real Estate Broker

In the table below, we have salary information for jobs that are similar to a Real Estate Broker in Georgia.

Job Title Category Salary
Acquisition Associate Real Estate 60,840 GEL
Assistant Leasing Manager Real Estate 83,100 GEL
Assistant Property Manager Real Estate 89,120 GEL
Brokerage Real Estate 64,720 GEL
Brokerage Clerk Real Estate 35,300 GEL
Commercial Leasing Manager Real Estate 129,000 GEL
Commercial Real Estate Manager Real Estate 134,600 GEL
Community Development Manager Real Estate 127,700 GEL
Compliance Specialist Real Estate 64,720 GEL
Development Coordinator Real Estate 62,460 GEL
Director of Real Estate Real Estate 146,200 GEL
Lease Administrator Real Estate 83,060 GEL
Leasing Agent Real Estate 63,400 GEL
Leasing Consultant Real Estate 78,160 GEL
Leasing Manager Real Estate 85,700 GEL
Lettings Assistant Real Estate 31,520 GEL
Portfolio Analyst Real Estate 115,080 GEL
Portfolio Manager Real Estate 152,300 GEL
Property Acquisition Agent Real Estate 58,440 GEL
Property and Claims Specialist Real Estate 80,060 GEL
Property Manager Real Estate 101,920 GEL
Property Operations Manager Real Estate 136,100 GEL
Property Tax Assistant Real Estate 64,180 GEL
Real Estate Administrator Real Estate 72,740 GEL
Real Estate Agent Real Estate 71,700 GEL
Real Estate Analyst Real Estate 80,640 GEL
Real Estate Appraiser Real Estate 69,720 GEL
Real Estate Appraiser Real Estate 70,840 GEL
Real Estate Assistant Real Estate 66,580 GEL
Real Estate Association Manager Real Estate 88,600 GEL
Real Estate General Manager Real Estate 134,600 GEL
Real Estate Project Director Real Estate 130,400 GEL
Real Estate Project Manager Real Estate 119,700 GEL
Real Estate Sales Agent Real Estate 64,620 GEL
Real Estate Valuer Real Estate 69,720 GEL
Research Analyst Real Estate 58,440 GEL
Residential Advisor Real Estate 80,580 GEL
Residential Property Manager Real Estate 91,520 GEL
Shopping Center Manager Real Estate 138,200 GEL
Town Planner Real Estate 136,200 GEL

Salary Comparison by City

If you want to compare salaries with different cities in Georgia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Batumi 67,560 GEL
Tbilisi 69,260 GEL

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