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.
Common Job Titles
- Broker
- Managing Broker
- Real Estate Broker
- Realtor
What You'll Need to Succeed
AI-generatedKey competencies for this occupation at a glance
- KnowledgeDevelop business development strategies and client acquisition plans leveraging CRM software, social media platforms, and market intelligence.Advanced
- KnowledgeEvaluate property valuations and market conditions using comparative market analysis and financial data to guide pricing strategies.Proficient
- MindsetIntegrate client needs with market opportunities when establishing and maintaining long-term client relationships.Proficient
- KnowledgeAnalyze real estate transactions and legal documentation ensuring compliance with federal, state, and local regulations.Proficient
- MindsetAdvocate client interests during contract negotiations balancing stakeholder expectations and resolving conflicts professionally.Proficient
- KnowledgeCoordinate real estate office operations and transaction workflows managing administrative tasks, personnel resources, and scheduling independently.Proficient
- KnowledgeAssess property conditions and marketability factors conducting site inspections and evaluating building features and geographic considerations.Proficient
- KnowledgeApply sales and marketing strategies across multiple channels including digital platforms and property listing databases.Developing
- KnowledgeExplain financing options and loan arrangements to clients with varying levels of real estate knowledge.Developing
- MindsetEngage with diverse client populations and community stakeholders demonstrating cultural awareness and service-oriented communication.Developing
- KnowledgeInterpret real estate data from multiple listing services and property databases using specialized software tools such as Yardi, CoreLogic, and Microsoft Office applications.Developing
Wage Data According to the Bureau of Labor Statistics
Annual wage data for Real Estate Brokers (2024)
Estimated Total Employment (U.S.)
49,590
Wage Distribution by Percentile
Line chart of annual wages by percentile. U.S. is the solid line. 10th percentile: U.S. $36,920. 25th percentile: U.S. $48,200. 50th percentile: U.S. $72,280. 75th percentile: U.S. $114,220. 90th percentile: U.S. $166,730. Use the left and right arrow keys to move between percentiles.
- U.S.
| Metric | U.S. |
|---|---|
| 10% of workers earn the following or less | $36,920 |
| 10% of workers earn the following or more | $166,730 |
| Workers on average earn | $91,660 |
+ indicates wage is at or above the BLS reporting cap ($239,200/year)
Skills & Requirements
Key competencies for this occupation, ranked by importance
- Sales and Marketing4.5/5
- Customer and Personal Service4.3/5
- English Language4.1/5
- Law and Government4.0/5
- Administration and Management3.9/5
Tools & Technology
Equipment and software commonly used in this occupation
In-Demand Technology
Frequently requested by employers in job postings
- Adobe Photoshop
- Intuit QuickBooks
- Microsoft Access
- Microsoft Active Server Pages ASP
- Microsoft Excel
- Microsoft Office software
- Microsoft Outlook
- Microsoft PowerPoint
- Microsoft Word
- Yardi software
Technology Skills
- AMTdirect
- AppFolio Property Manager
- Customer relationship management CRM software
- Deep Forest Systems OnCite
- Domin-8 Enterprise Solutions Tenant Pro
- Enterprise Software Systems CRE Sync
- First American CoreLogic RealQuest Pro
- Google Earth Pro
Tools & Equipment
- Computer laser printers
- Desktop computers
- Digital cameras
- Digital video cameras
- Handheld calculators
- Laptop computers
- Laser facsimile machines
- Measuring tapes