Real Estate Broker

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  Sales and Related Occupations

Real Estate Broker

Also Called: Broker, Broker Associate, Designated Broker, Managing Broker, Real Estate Associate, Real Estate Broker, Real Estate Sales Associate, Realtor, Broker, Broker Associate, Designated Broker, Managing Broker, Real Estate Associate, Real Estate Broker, Real Estate Sales Associate, Realtor

What they do

Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.

$36,490
Starting Salary (2023)
$63,060
Median Salary (2023)
3.5%
Projected Job Growth
51,350
Employment (2022)

Typical Tasks

Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of a property's area.
Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.

A day in the life

What kind of work is this?

Enterprising
Business based Work
Conventional
Organized, Procedural Work
Social
Working with people

What personality traits do you need to succeed?

Integrity
Initiative
Stress Tolerance
Persistence
Attention to Detail
Achievement/Effort

What key skills are needed for this job?

Speaking
Reading Comprehension
Active Listening
Critical Thinking
Active Learning
Negotiation

Expected Knowledge

Sales and Marketing
Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Common Activities

Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
Establishing and Maintaining Interpersonal Relationships
Developing constructive and cooperative working relationships with others, and maintaining them over time.
Updating and Using Relevant Knowledge
Keeping up-to-date technically and applying new knowledge to your job.

More Info

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