SOUTH AFRICA · SALARY IN RANDS

Real Estate Brokers

What the work involves, the skills employers want, and how to get started in South Africa.

  • Broker
  • Broker Associate
  • Designated Broker
  • Managing Broker
  • Real Estate Associate
  • Real Estate Broker
  • Real Estate Sales Associate
  • Realtor

What do Real Estate Brokers do?

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.

What the work actually is

  • 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.

Skills employers expect

Skills

  • Speaking Talking to others to convey information effectively.
  • 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.
  • Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
  • Reading Comprehension Understanding written sentences and paragraphs in work-related documents.
  • Active Learning Understanding the implications of new information for both current and future problem-solving and decision-making.

Abilities

  • Oral Comprehension The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Oral Expression The ability to communicate information and ideas in speaking so others will understand.
  • Written Comprehension The ability to read and understand information and ideas presented in writing.
  • Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.
  • Near Vision The ability to see details at close range (within a few feet of the observer).

Knowledge

  • 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.
  • 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.
  • English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Law and Government Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • 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.

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How people get into it

Education of new hires

Bachelor's degree
Some college, no degree
High school diploma or equivalent
or: GED, High School Equivalency Certificate

A normal week

  • Getting Information
  • Establishing and Maintaining Interpersonal Relationships
  • Updating and Using Relevant Knowledge
  • Working with Computers
  • Communicating with People Outside the Organization

Tools used on the job

Technology

  • Data base user interface and query software Microsoft Access · Propertyware · Yardi software · Yardi Systems Yardi Voyager Commercial
  • Presentation software Microsoft PowerPoint
  • Internet browser software Microsoft Internet Explorer · Web browser software
  • Spreadsheet software Microsoft Excel
  • Geographic information system Google Earth Pro

Tools

  • Photocopiers Photocopying equipment
  • Tape measures Measuring tapes
  • Automobiles or cars Passenger vehicles
  • Notebook computers Laptop computers
  • Personal digital assistant PDAs or organizers Personal digital assistants PDA

Who it suits

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.

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.

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Questions people ask

How much do Real Estate Brokers earn in South Africa?

Real Estate Brokers salaries in South Africa vary by experience, province and employer.

What do Real Estate Brokers do?

Sell, for a fee, real estate owned by others, Obtain agreements from property owners to place properties for sale with real estate firms and Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.

How do I know if this career fits me?

Take the free Assessify career assessment. It matches your answers to careers and shows the South African salary next to each one.