In this career summary, you will find out what the job of A Real Estate Broker is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Real Estate Brokers 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.
$80210 per year
$38.56 an hour
Real Estate Brokers with little to no experience tend to make between $23400 and $32970 while the more experienced ones make over $99080 per year.
|Top 5 paying states||Hourly||Annual|
1 of the easiest ways to increase your salary as A Real Estate Broker is to move to a higher paying state like DC. Right now, the highest paying states for Real Estate Brokers are DC, NH, NV, OH and HI.
However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A Real Estate Broker is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
Recommended degree level
Between Post-Secondary Certificate and Associate’s Degree
We asked other Real Estate Brokers what degree they had when they got the job and most of them said they had a Bachelors degree followed by Some college courses.
Other than that we also asked them what did they major in and here are the most popular majors that came up.
Another popular question from our readers is what makes A Real Estate Broker successful or would they be good in this career.
Well, we found that most successful Real Estate Brokers have these 5 skillsets.
In addition to that, 1 common characteristic among successful Real Estate Brokers is they are good at Integrity. Here are the top 5 common characteristics.
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Real Estate Broker as your career.
|Suitable for people who likes to start and carry out projects|
|Suitable for people who wants independence and likes to work on their own and make decisions|
|This career is perfect for people who love to work indoors.|
|It is not too difficult to get into this career. Previous workrelated skill, knowledge, or experience is required for this career.|
|Demand for this career is growing fast|
|Not suitable for people who likes to solve problems mentally|
|Long working hours (More than 40 hours per week)|
There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.
A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.
What is the job like
Is this job meaningful
More than 40 hours per week
Irregular (Changes with weather conditions, production demands or contract duration)
On a normal working week Real Estate Brokers work More than 40 hours per week.
67% of Real Estate Brokers said they were satisfied with their job and 69% said they feel like their job is making other people’s lives better.
Is this right for me
Best personality for this career
The Persuaders and The Organizers
You can read more about these career personality types here.
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
They also like following set procedures and routines. They like working with data and details more than with ideas.
How we can help
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They rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.
They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
They appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
They plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).
They sell or solicit advertising space, time, or media in publications, signage, TV, radio, or the Internet. Includes individuals who obtain leases for outdoor advertising sites or persuade retailers to use sales promotion display items.
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