Commercial Real Estate Broker salary in Iceland

Average Yearly Salary of Commercial Real Estate Broker in Iceland is approximately 11,902,667 ISK (83,131 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 Commercial Real Estate Broker do?

A commercial real estate broker is a professional who specializes in assisting clients with buying, selling, or leasing commercial properties. They act as intermediaries between property owners and potential buyers or tenants, providing expertise and guidance throughout the transaction process. Commercial real estate brokers are responsible for conducting market research to identify suitable properties, negotiating deals, preparing legal documents, and ensuring that all parties involved are satisfied with the outcome. They must have a strong understanding of the local real estate market, possess excellent communication and negotiation skills, and be knowledgeable about zoning regulations and financial analysis. Commercial real estate brokers work closely with clients to understand their needs and objectives, and they strive to find the best possible solutions to meet those requirements.

Skills: Commercial real estate, Brokerage services, Market research, Negotiation, Property transactions, Client satisfaction
Job industry: Real estate

How much does Commercial Real Estate Broker make?

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


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Salary comparison to National average

Is Commercial Real Estate Broker a well paid job?

Yes, our data shows that Commercial Real Estate 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 Commercial Real Estate Broker?

High salary for Commercial Real Estate Broker would be somewhere between 13,092,934 ISK and 17,258,867 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Commercial Real Estate 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: 11,902,667 ISK
Estimated Monthly Salary: 991,889 ISK
Estimated Weekly Salary: 228,897 ISK per week
Estimated Hourly Salary: 5,722 ISK per hour
By working as Commercial Real Estate Broker a person can save up to 4,199 USD per month or 50,385 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 Commercial Real Estate 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

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