Associate Broker salary in Iceland

Average Yearly Salary of Associate Broker in Iceland is approximately 11,674,343 ISK (81,659 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Associate Broker do?

An associate broker is a licensed real estate professional who works under the supervision of a designated broker. They assist clients in buying, selling, and renting properties, and provide guidance throughout the entire real estate transaction process. Associate brokers are responsible for conducting market research, evaluating property values, and negotiating deals on behalf of their clients. They also prepare and review legal documents, such as contracts and leases, ensuring compliance with relevant laws and regulations. Additionally, associate brokers may help clients with property inspections, appraisals, and financing options. They often collaborate with other professionals, including lenders, attorneys, and home inspectors, to ensure a smooth and successful transaction. Associate brokers typically work in real estate agencies or brokerage firms, and their income is primarily commission-based.

Skills: Real Estate, Property Sales, Client Relations, Negotiation, Market Research, Legal Compliance
Job industry: Real estate

How much does Associate Broker make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Associate Broker a well paid job?

Yes, our data shows that Associate Broker is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Associate Broker?

High salary for Associate Broker would be somewhere between 12,841,777 ISK and 16,927,797 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Associate Broker in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 11,674,343 ISK
Estimated Monthly Salary: 972,862 ISK
Estimated Weekly Salary: 224,507 ISK per week
Estimated Hourly Salary: 5,613 ISK per hour
By working as Associate Broker a person can save up to 4,076 USD per month or 48,913 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Associate Broker

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

Random salary:
Public information officer (9,218,328 ISK per year, pre-tax.)
Electrical discharge machine (edm), operator (5,456,562 ISK per year, pre-tax.)
Litigation support supervisor (14,780,480 ISK per year, pre-tax.)
Courier messenger (5,848,414 ISK per year, pre-tax.)
Direct support worker (3,163,211 ISK per year, pre-tax.)

Feedback about these results