Occupation

Real Estate Brokers

Human Advantage 79%

Significant human skills needed

AI Automation Risk Low Risk
2.5 / 10

This occupation requires complex human judgment, social interaction, and creative problem-solving that are difficult to automate.

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.

Also Known As: Broker, Broker Associate, Buyer Broker, Closing Agent, Contract Specialist, Dealer, Designated Broker, Lease Administration Analyst +25 more

Video

Core Tasks

  1. Sell, for a fee, real estate owned by others.
  2. Obtain agreements from property owners to place properties for sale with real estate firms.
  3. Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
  4. Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
  5. Manage or operate real estate offices, handling associated business details.
  6. Compare a property with similar properties that have recently sold to determine its competitive market price.
  7. Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
  8. Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
  9. Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
  10. Rent properties or manage rental properties.
  11. Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of a property's area.
  12. Arrange for title searches of properties being sold.
  13. Appraise property values, assessing income potential when relevant.

Supplemental Tasks (4)

  1. Supervise agents who handle real estate transactions.
  2. Arrange for financing of property purchases.
  3. Give buyers virtual tours of properties in which they are interested, using computers.
  4. Review property details to ensure that environmental regulations are met.

Education & Training

Job Zone 4 Job Zone Four: Considerable Preparation Needed
Education: Most of these occupations require a four-year bachelor's degree, but some do not.
Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
On-the-Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Education Level Distribution

Percentage of workers in this occupation with each education level.

Bachelor's Degree
37%
Some College Courses
24%
High School Diploma - or the equivalent (for example, GED)
12%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.
9%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.
9%
Associate's Degree (or other 2-year degree)
6%
Less than a High School Diploma
3%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)
1%
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Technology & Tools

Hot Technologies

  • Adobe Photoshop
  • Facebook
  • Intuit QuickBooks
  • Microsoft Access
  • Microsoft Active Server Pages ASP
  • Microsoft Excel
  • Microsoft Office software
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft Word
  • Yardi software

Software (33)

  • 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
  • Lease Cost Solutions LseMod
  • London Computer Systems Rent Manager
  • Microsoft Internet Explorer
  • Property Boulevard
  • Property records databases
  • PropertyBoss Solutions PropertyBoss
  • Propertyware
  • Real Estate Assistant REA
  • Real estate listing databases
  • RealData REIA
  • Showing Suite real estate software
  • Visual Lease
  • Web browser software
  • Yardi Systems Yardi Voyager Commercial

Tools & Equipment (12)

  • Computer laser printers
  • Desktop computers
  • Digital cameras
  • Digital video cameras
  • Handheld calculators
  • Laptop computers
  • Laser facsimile machines
  • Measuring tapes
  • Passenger vehicles
  • Personal computers
  • Personal digital assistants PDA
  • Photocopying equipment

Where This Career Leads

Career progression organized by specialty track and experience level.

Real Estate Financial Services

Zone 3
Real Estate Sales Agents 94% match
Zone 4
Real Estate Brokers You are here

Resume Builder

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Related Occupations

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Real Estate Sales AgentsClosely Related Property, Real Estate, and Community Association ManagersClosely Related Appraisers and Assessors of Real EstateClosely Related Appraisers of Personal and Business PropertyClosely Related Securities, Commodities, and Financial Services Sales AgentsClosely Related Financial and Investment Analysts Loan Officers Purchasing Agents, Except Wholesale, Retail, and Farm Products
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Real Talk

Hear from real Real Estate Brokerss about their work:

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