As a Broker and the Owner of a Real Estate Firm, my typical day is concentrated on two primary goals. First is mentoring and supporting my Agents in their day-to-day goals, problems, and situations they face. Second, is constantly staying focused on marketing our company. Those are the two primary "jobs" I concentrate on day to day as an owner. Obviously, there are many other administrative tasks that have to be done, but they are just necessary parts of ownership.
CAREER
Real Estate Brokers
Overview
Salary Median (2020)
$60,370
Projected Job Growth (2019-2029)
+2.6% (slower than the average)
Most Common Level of Education
High school diploma or equivalent
Career
Roadtrip Nation Leaders in This Career
What Real Estate Brokers 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.
Other Job Titles Real Estate Brokers May Have
Broker, Broker Associate, Designated Broker, Managing Broker, Real Estate Associate, Real Estate Broker, Real Estate Sales Associate, Realtor
How Leaders Describe a Typical Day at Work
Tasks & Responsibilities May Include
- Sell, for a fee, real estate owned by others.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
- Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
- Manage or operate real estate offices, handling associated business details.
Education
Level of Education Attained by Real Estate Brokers
Most common level of education among people in
this career: Bachelor's degree (38%)
High school diploma or equivalent
Some college, no degree
Bachelor's degree
Other*
*All other responses combined for clarity.
Majors Related to Career
Educational Paths Suggested by Leaders
Suggested Path
Bachelor
Business Finance
Additional Skills & Experiences That Can Help You Excel
Listening and learning from others that are successful in the industry and then sharing what you learn. As a Broker/Owner, much of what I do is "train the trainer". I spend a lot of time learning and then pass that along to my employees. You have to be a networker also. It's much easier said than done. You have to be out in the community constantly selling yourself and your company.
This page includes information from theO*NET 26.1 Databaseby the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under theCC BY 4.0license. O*NET® is a trademark of USDOL/ETA.
