Real Estate Brokers
What is a Real Estate Broker?
A real estate broker is a licensed professional who has the expertise and legal authority to assist clients in buying, selling, and renting properties. Unlike real estate agents, brokers have completed additional education, passed a broker's licensing examination, and typically have a greater understanding of the real estate market. They can work independently or manage teams of real estate agents, leveraging their market knowledge to negotiate favorable terms for their clients. Real estate brokers guide clients through every step of transactions, from market analysis and property listings to negotiations and paperwork, ensuring compliance with local, state, and federal regulations. In addition to facilitating sales, brokers often play a crucial role in advising clients on investment opportunities and property management, making them key players in the real estate industry.
Tasks
- 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.
Technology Skills
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Data base user interface and query software
- Microsoft Access
- Propertyware
- Yardi software
- Yardi Systems Yardi Voyager Commercial
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Presentation software
- Microsoft PowerPoint
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Internet browser software
- Microsoft Internet Explorer
- Web browser software
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Spreadsheet software
- Microsoft Excel
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Geographic information system
- Google Earth Pro
Tools Used
- Photocopiers
- Tape measures
- Automobiles or cars
- Notebook computers
- Personal digital assistant PDAs or organizers
Knowledge
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Sales and Marketing
Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
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Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
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English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
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Administration and Management
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Skills
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Speaking
Talking to others to convey information effectively.
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Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
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Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
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Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
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Active Learning
Understanding the implications of new information for both current and future problem-solving and decision-making.
Abilities
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Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
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Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
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Written Comprehension
The ability to read and understand information and ideas presented in writing.
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Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
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Near Vision
The ability to see details at close range (within a few feet of the observer).
Education
How much education does a new hire need to perform a job in this occupation?
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Bachelor's degree
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Some college, no degree
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High school diploma or equivalent
or: GED, High School Equivalency Certificate
Work Activities
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Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
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Establishing and Maintaining Interpersonal Relationships
Developing constructive and cooperative working relationships with others, and maintaining them over time.
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Updating and Using Relevant Knowledge
Keeping up-to-date technically and applying new knowledge to your job.
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Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
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Communicating with People Outside the Organization
Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
Detailed Work Activities
- Contract real estate to clients.
- Prepare sales or other contracts.
- Negotiate prices or other sales terms.
- Supervise sales or support personnel.
- Appraise property values.
Work Interests
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Enterprising
Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
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Conventional
Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
Job Outlook
Projected salary and job growth
$36490.0 - $160980.0
New job opportunities are less likely in the future. : Below Average
Assessment
Related assessments and tests
No assessment available.