What does a Real Estate Broker do?

Real estate brokers assist clients in the purchase, sale, or rental of available properties and lots that are on the market. A real estate broker works as the manager of their own business and the properties they sell or rent are typically owned by others.

Real estate brokers can represent the buyers and sellers or the tenants and landlords during a real estate transaction. If they are serving as the broker for a buyer or renter, they will visit with their client to understand their needs and budget. As a broker for a seller or landlord, they will meet with clients to decide the sale or rental price. They also research properties that suit their clients’ terms and needs and promote their properties to ensure they will receive the best offers. They are typically experts on recent trends, including comparable prices for similar properties listed and sold, available inventory, and amenities in the communities where they work. Real estate brokers also cultivate relationships with the potential financial institutions that write buyers their loans and have either a bachelor’s degree or certificate related to real estate. Depending upon the state they operate in, they may be required to need at least 1-3 years of recent experience selling real estate.

What responsibilities are common for Real Estate Broker jobs?
  • Stay informed on home values and offer appropriate advice to clients on how much they should sell a home for or offer on a home.
  • Network with other Real Estate Sales Representatives to create positive relationships.
  • Backed by our recruiting team to help you hire as many Agents as possible and grow your revenue.
  • Execute programs, processes and practices to achieve goals and initiatives.
  • Represent and advise clients during sales and purchase negotiations.
  • Consult with clients to discover their property desires and goals.
  • Establish and maintain relationships with key customers, program administrators, industry influencers and key strategic partners.
  • Anticipate a client's wants, needs, goals and able to provide superior 'concierge' level service.
  • Provide a wide range of administrative and customer service support to broker community.
  • Maintain a pipeline, contacts, and tasks in CRM system.
  • Ensure staff compliance with all applicable company and regulatory policies and procedures.
  • Provide up-to-date information regarding customers and where they are in the home buying and selling process so that agents act quickly and efficiently.
  • Explain all purchase agreement documentation including land and home contracts.
  • Receive orders from customers via phone, email, IM, HMS software or broker and enter into appropriate trading system.
What are the typical qualifications for Real Estate Broker jobs?
  • Bachelor's Degree in business or business administration or equivalent experience.
  • Prior experience with business case development.
  • Is a critical thinker and problem solver.
  • Prior experience as a consultant.
  • A collaborator and decision maker.
  • Strong time management and professionalism skills.
  • Experience with spreadsheets.
  • Demonstrated negotiation and attention to detail.
  • Fluent in inventories and pipelines.
  • Experience with a variety of applicable programs, software, and systems.
  • Can work with confidence and a positive attitude.
Education--
Work/Life Balance
3.9 ★
Salary Range--
Career Opportunity
3.9 ★
Avg. Experience2-4 years

Real Estate Broker Salaries

Average Base Pay

₹30,482 /month
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
₹17T
Median: ₹30T
₹57T
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Glassdoor Estimated Salary

Real Estate Broker Career Path

Learn how to become a Real Estate Broker, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Real Estate Broker

Years of Experience Distribution

0 - 1
12%
2 - 4
69%
5 - 7
8%
8+
11%
Not including years spent in education and/or training

Real Estate Broker Insights

Read what Real Estate Broker professionals have to say about their job experiences and view top companies for this career.
Prestige Real EstatePrestige Real Estate
Property Consultant
17 Feb 2022

“No basic salary but it also gives you your own choices in what you earn which is also good.”

Belmont Associates
Real Estate Broker
22 Mar 2022

“life balance is just really great and I have what I can call second family here.”

MySpace NYCMySpace NYC
Real Estate Salesperson
5 May 2022

“This is great for closers but you have to listen to everyone else complain because this is too well known.”

Barfoot & ThompsonBarfoot & Thompson
Real Estate Salesperson
29 Dec 2021

“When getting started in the industry you ideally want good training (Ray White does this better).”

Nan McKay & AssociatesNan McKay & Associates
Housing Specialist
9 Mar 2022

“I feel blessed to work with such excellent managers who hold such high standards and expectations for others.”

Hammock RealtyHammock Realty
Real Estate Broker
16 Feb 2022

“The company provides foundational components to help build your real estate career and competitive commission structures.”

American Home ShieldAmerican Home Shield
Real Estate Sales Associate
12 Feb 2021

“Local management are the best”

AT&TAT&T
Real Estate Broker
6 Dec 2021

“awesome place to work and live”

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Real Estate Broker Interviews

Frequently asked questions about the role and responsibilities of a Real Estate Broker

The most similar professions to Real Estate Broker are:
  • Leasing Agent
  • Realtor
  • Solar Broker
  • Sales Representative

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Real Estate Broker jobs