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Real Estate Broker Job Description: Top Duties and Qualifications

A Real Estate Broker, or Managing Real Estate Broker, is responsible for overseeing real estate transactions between buyers and sellers. Their duties include drafting contracts for buyers and sellers, negotiating sale prices between buyers and sellers and leading a team of Real Estate Agents to help them close deals.

Real Estate Broker duties and responsibilities

The Real Estate Broker has several duties and responsibilities. These duties are different if the Real Estate Broker is working with a seller or buyer. Some of these responsibilities include:

  • Listing homes for sale, usually on the Multiple Listing Service (MLS)
  • Sharing brokerage listings with other MLS brokers to get buyers to go to listings
  • Advising home sellers on how they better prepare their home for listing and showings
  • Supervising property showings
  • Reporting results and feedback of the sale to sellers
  • Helping buyers locate properties within their desired geographical area, price range and other criteria
  • Assisting buyers with visiting properties
  • Working with buyers during the sale

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Real Estate Broker Job Description Examples

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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 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

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Three individuals are sitting at a table with a laptop, a disposable coffee cup, notebooks, and a phone visible. Two are facing each other, while the third’s back is to the camera. The setting appears to be a bright room with large windows.

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Frequently asked questions about Real Estate Brokers

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