Average Real Estate Broker Salary in Philippines for 2024

In this article, we will look at the average Real Estate Broker salary for 2024 in Philippines 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 Philippine peso. To keep things simple, we are using the PHP currency code instead of the currency symbol โ‚ฑ.

How Much Does a Real Estate Broker Make in Philippines?

A Real Estate Broker working in Philippines will typically earn around 448,500 PHP per year, and this can range from the lowest average salary of about 204,000 PHP to the highest average salary of 710,500 PHP.

Average Annual Salary
448,500 PHP
Average Monthly Salary
37,375 PHP

Lowest Annual Salary
204,000 PHP
Lowest Monthly Salary
17,000 PHP

Highest Annual Salary
710,500 PHP
Highest Monthly Salary
59,208 PHP

These are average salaries for a Real Estate Broker in Philippines 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 Philippines

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

Salary ranges

We already know that a Real Estate Broker can earn between 204,000 PHP and 710,500 PHP on average in Philippines. 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 Philippines is 483,400 PHP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 483,400 PHP, and 50% of the population earn more than 483,400 PHP.

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 Philippines, 25% of the population are earning less than 308,300 PHP while 75% of the population earn more than 308,300 PHP.

75% of the population earn less than 643,800 PHP, and 25% of the population earn more than 643,800 PHP.

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 Philippines

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 Philippines that has less than two years of experience can expect to earn somewhere in the region of 233,600 PHP.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Broker salary would increase to 311,700 PHP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Broker, the average salary would be 460,500 PHP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 562,200 PHP.
  • 15 - 20 Years Experience. A Real Estate Broker with 15 to 20 years of experience can earn an average of 610,100 PHP.
  • 20+ Years Experience. For a Real Estate Broker with more than 20 years, the expected average salary increases to 663,200 PHP.

Average Salary by Experience Chart

0-2 Years
233,600 PHP
2-5 Years +34%
311,700 PHP
5-10 Years +48%
460,500 PHP
10-15 Years +22%
562,200 PHP
15-20 Years +9%
610,100 PHP
20+ Years +8%
663,200 PHP

Real Estate Broker Salary by Education Level in Philippines

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 Philippines 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 Philippines with a high school education can earn an average salary of 288,100 PHP.

  • Certificate or Diploma. A Real Estate Broker in Philippines with a certificate or diploma education can earn an average salary of 339,100 PHP.

  • Bachelor's Degree. A Real Estate Broker in Philippines with a bachelor's degree education can earn an average salary of 489,600 PHP.

  • Master's Degree. A Real Estate Broker in Philippines with a master's degree education can earn an average salary of 639,900 PHP.

Average Salary by Education Chart

High School
288,100 PHP
Certificate or Diploma +18%
339,100 PHP
Bachelor's Degree +45%
489,600 PHP
Master's Degree +31%
639,900 PHP

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 Philippines is around 223,000 to 669,000 PHP 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 Philippines, a male real estate broker will earn an average of 476,600 PHP, while a female real estate broker will earn around 417,200 PHP.

This means that a male real estate broker earns approximately 14% more than a female real estate broker for performing the same job.

Average Salary by Gender Chart in Philippines

Male
476,600 PHP
Female -14%
417,200 PHP

Real Estate Broker Average Pay Raise in Philippines

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 Philippines is around 10% every 18 months.

The national average pay raise across all professions and industries in Philippines is around 8% every 18 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 = ( 10 ÷ 18 ) × 12  = 7%

What this means is that a Real Estate Broker in Philippines can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Philippines for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Real Estate Broker Bonus and Incentive Rates in Philippines

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 moderate bonus based job, with 57% of employees reporting at least one bonus in the last 12 months.

43% 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 2% to 7%.

Received Bonus
57%
No Bonus
43%

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 Philippines earn approximately 12% more than private sector employees in the same role.

Public Sector
563,300 PHP
Private Sector -12%
504,300 PHP

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 Philippines.

Job Title Category Salary
Acquisition Associate Real Estate 425,100 PHP
Assistant Leasing Manager Real Estate 538,600 PHP
Assistant Property Manager Real Estate 596,100 PHP
Brokerage Real Estate 430,000 PHP
Brokerage Clerk Real Estate 233,900 PHP
Commercial Leasing Manager Real Estate 862,200 PHP
Commercial Real Estate Manager Real Estate 979,600 PHP
Community Development Manager Real Estate 830,500 PHP
Compliance Specialist Real Estate 415,900 PHP
Development Coordinator Real Estate 406,300 PHP
Director of Real Estate Real Estate 988,600 PHP
Lease Administrator Real Estate 520,900 PHP
Leasing Agent Real Estate 462,300 PHP
Leasing Consultant Real Estate 539,700 PHP
Leasing Manager Real Estate 612,500 PHP
Lettings Assistant Real Estate 217,900 PHP
Portfolio Analyst Real Estate 744,600 PHP
Portfolio Manager Real Estate 991,000 PHP
Property Acquisition Agent Real Estate 382,600 PHP
Property and Claims Specialist Real Estate 510,300 PHP
Property Manager Real Estate 653,200 PHP
Property Operations Manager Real Estate 918,600 PHP
Property Tax Assistant Real Estate 448,500 PHP
Real Estate Administrator Real Estate 462,300 PHP
Real Estate Agent Real Estate 440,200 PHP
Real Estate Analyst Real Estate 595,300 PHP
Real Estate Appraiser Real Estate 472,000 PHP
Real Estate Appraiser Real Estate 478,100 PHP
Real Estate Appraiser Real Estate 483,400 PHP
Real Estate Assistant Real Estate 420,800 PHP
Real Estate Association Manager Real Estate 598,600 PHP
Real Estate General Manager Real Estate 915,100 PHP
Real Estate Project Director Real Estate 846,500 PHP
Real Estate Project Manager Real Estate 817,800 PHP
Real Estate Sales Agent Real Estate 442,300 PHP
Real Estate Valuer Real Estate 489,500 PHP
Research Analyst Real Estate 398,300 PHP
Residential Advisor Real Estate 548,500 PHP
Residential Property Manager Real Estate 614,600 PHP
Shopping Center Manager Real Estate 931,900 PHP
Town Planner Real Estate 957,800 PHP

Salary Comparison by City

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

City Average Salary
Antipolo 450,300 PHP
Cagayan de Oro 460,500 PHP
Cebu 464,900 PHP
Dasmarinas 394,500 PHP
Davao 510,000 PHP
Kalookan 499,300 PHP
Las Pinas 437,300 PHP
Makati 407,300 PHP
Manila 489,500 PHP
Paranaque 430,500 PHP
Pasig 466,900 PHP
Quezon City 520,900 PHP
Taguig 462,300 PHP
Valenzuela 440,200 PHP

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