Real Estate Brokers

Work for or run a real estate agency that deals with client transactions. In addition to buying and selling homes, real estate agents often manage rental units and arrange to finance for clients.

Career Snapshot

ABOUT REAL ESTATE BROKER CAREERS

It appears to be quite straightforward. The house is on the market. Someone is interested in purchasing it. However, the discussions, financing, and closure of the sale might be quite complicated. As a result, most people who sell or buy real estate work with a broker. Real estate brokers must be licenced by the state in which they sell property. 

They require 30 to 90 hours of course work in areas such as property marketing, zoning and tax legislation, inspections, mortgages, and other relevant topics. They must next pass a written exam, and in some areas, real estate agent experience is required before obtaining a broker's licence. 

Brokers spend a significant amount of time away from their workstations meeting with sellers and buyers, inspecting properties, organising open houses for prospective purchasers, ensuring that inspections and repairs specified in the purchase agreement have been completed, and attending closings. 

This is a field that encourages customer sensitivity and ambition. A tidy look and the ability to work odd hours and on weekends are required. After all, you're introducing customers to one of the most essential aspects of their lives: their future houses. 

While some brokers are salaried employees of real estate firms, the majority are self-employed and operate on commission. As commission, the broker who acquires the listing and the broker who finds the buyer split a portion of the selling price. If the same broker lists the property and finds a buyer, the commission is split evenly. 

Brokers in real estate sell and rent homes, office and industrial space, and farms. A broker frequently specialises in a specific type of property or even a specific community. Knowledge and expertise help you persuade a seller to give you the listing and guide purchasers to a home that will satisfy them.

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Characteristics

Level of responsibilities
Critical decision making
Communication with others
Physical demands
Competition for this position
Work closely with team members, clients etc.
Comfort of the work setting
Leadership
Job challenge and pressure to meet deadlines
Dealing and handling conflicts
Exposure to extreme environmental conditions
Exposure to job hazards

Activities

Communicating with Persons Outside Organization Know More
Establishing and Maintaining Interpersonal Relationships Know More
Getting Information Know More
Interacting With Computers Know More
Organizing, Planning, and Prioritizing Work Know More
Performing Administrative Activities Know More
Selling or Influencing Others Know More
Updating and Using Relevant Knowledge Know More

Areas of Study

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Degrees

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Top Skills

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