What does a Real Estate Broker do?
Real Estate Brokers typically work for real estate firms or agencies to coordinate the buying and selling of commercial or residential properties. They work closely with Real Estate Agents and their clients to establish negotiable terms and create a selling price that competes with other local listings. Their job is to use their experience in real estate to assist Real Estate Agents with complex tasks. They may also be responsible for helping stage homes ahead of open houses to help potential buyers visualize how they could use the space.
Real Estate Broker skills and qualifications
Real Estate Brokers should have a variety of practical and specialized skills for their position. The main skills and qualifications of a Real Estate Broker usually include:
- Communication skills
- Familiarity with real estate laws
- Knowledge of customer service and real estate standards
- Interpersonal skills
- Ability to handle stress and operate under deadlines
- Supervisory skills
Real Estate Broker salary expectations
No salary data could be found on Indeed Salaries.
Real Estate Broker education and training requirements
The minimum educational requirement for Real Estate Brokers is a high school education, but a bachelor’s degree, especially in real estate, is strongly suggested for those who want to be competitive. Post-secondary education is advised because licensing guidelines in most states require Real Estate Brokers to have education beyond high school. Real estate undergraduate courses include classes in real estate law, real estate appraisal, property management, real estate investments and property development.
Real Estate Broker experience requirements
Before becoming a Real Estate Broker, Real Estate Agents need to work under the supervision of another Broker. Eligibility for a license usually includes completing state-approved educational programs and earning a bachelor’s degree or certificate related to the real estate industry. Typically 1-3 years of experience is necessary to sell real estate. Continuing education programs are an essential part of a Real Estate Broker’s ongoing job function and learning experience.
Job description samples for similar positions
If this description for a Real Estate Broker isn’t what you’re looking for, consider this similar position: