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What is a real estate broker and how to become one
The job of a real estate broker involves property management and marketing. He/She works with clients to buy, sell and rent real estate properties. He/She also finds clients by promoting the brand, networking, advertising, and offering services to prospective parties. The broker serves as an intermediary between buyers and sellers during negotiations over property prices and settlement details. A real estate broker works for a commercial real estate firm or operates a real estate office. As a result, you must have a minimum of an associate's degree in real estate, business, or a related field with at least three years of work experience.
Real estate brokers often need a state-issued real estate broker license to practice. Apart from this, you must possess selling abilities, communication and networking skills, and attention to detail. You must also be conversant with relevant computer software and be self-motivated. A real estate broker earns about $78,102 per year. This varies between $39,000 and $158,000.
What general advice would you give to a Real Estate Broker?
Dave Bunton
President, The Appraisal Foundation
Avg. Salary $80,250
Avg. Salary $59,228
Growth Rate 5%
Growth Rate 0.3%
American Indian and Alaska Native 0.32%
Asian 6.87%
Black or African American 5.30%
Hispanic or Latino 13.21%
Unknown 4.31%
White 69.99%
Genderfemale 45.66%
male 54.34%
Age - 50American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 50Stress level is high
7.1 - high
Complexity Level is advanced
7 - challenging
Work Life balance is poor
6.4 - fair
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Real Estate Broker career paths
Key steps to become a real estate broker
Explore real estate broker education requirements
Start to develop specific real estate broker skills
Skills Percentages Real Estate Sales 13.84% Purchase Agreements 10.56% Financial Resources 7.53% Property Management 7.01% Open Houses 4.86% Complete relevant real estate broker training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New real estate brokers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a real estate broker based on U.S. Bureau of Labor Statistics data and data from real real estate broker resumes.Obtain the necessary licensing
Becoming a licensed real estate broker usually doesn't require a college degree. However, you need to pass an exam to become a licensed real estate broker in most of states. 46 states require real estate brokers to have license for their work. You can see the list of states below.State Education Exam License Url Alabama - State exam required Licensed Real Estate Broker Maryland Degree required State exam required REAL ESTATE BROKER Alaska - - Real Estate Broker Arkansas Specific course required State exam required Real Estate Broker California Degree required State exam required Real Estate Broker License Research real estate broker duties and responsibilities
- Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
- Prepare all marketing materials, coordinate closings, enter necessary data into the MLS to ensure homes are represent correctly
- Review, analyze and process moderately complex homeowner property, contents and liability claims within assign work with REO properties.
- Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
Get real estate broker experience
Prepare your real estate broker resume
When your background is strong enough, you can start writing your real estate broker resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a real estate broker resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose From 10+ Customizable Real Estate Broker Resume templates
Build a professional Real Estate Broker resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Real Estate Broker resume.
Apply for real estate broker jobs
Now it's time to start searching for a real estate broker job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How Did You Land Your First Real Estate Broker Job
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Average real estate broker salary
The average Real Estate Broker salary in the United States is $80,250 per year or $39 per hour. Real estate broker salaries range between $56,000 and $114,000 per year.
What Am I Worth?
How do real estate brokers rate their job?
Real Estate Broker reviews
My own schedule and meeting great people.
No guarantee on income or relevance
Flexible Schedule. Accompanying New Agents with business operation skills, critical communication skills, contract negotiation, problem solving, proactive approach to obtaining purchase agreement, assisting brokers with avenues to increase network for sales agent, conducting feasibility study for outmoded business models, providing ongoing business operation training, training programs for leadership/business development, building trust for agent sustainability.
Continuous solicitation of businesses to sustain. Louisiana has small window for Real Estate Consultants.
Flexibility and potential for making great money.
Not knowing where my next paycheck is coming from. Being unemployed in between clients.
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Updated January 8, 2025
