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.
This is a specialization of
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AI Impact Assessment
AI Resilience Score
Score 3/6: balanced factors means AI will assist but humans remain essential
How we calculated this:
50% of tasks can be accelerated by AI
+3% projected (2024-2034)
EPOCH score: 16/25
Key Responsibilities
- 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.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
- 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.
- Rent properties or manage rental properties.
Education & Training
Typical Entry Education
Bachelor's degree
Time to Job Ready
4-6 years
Based on Job Zone 4. For formal education duration only, see education_duration.
Technology Skills
Key Abilities
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Find jobs and training programs for real estate brokers- Median salary: $63K/year
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Compensation Details
Based on 51,350 employed workers
Also Known As
Data from O*NET 30.1 and BLS Occupational Employment Statistics
O*NET Code: 41-9021.00