Real estate brokers: Salary, career path, job outlook, education and more

Real estate brokers are licensed to manage their own businesses. As independent businesspeople, brokers often sell real estate owned by others. In addition to helping clients buy and sell properties, they may help rent or manage properties for a fee. Many operate a real estate office, handling business details and overseeing the work of sales agents.

Education Required
Real estate brokers and sales agents must complete some real estate courses to be eligible for licensure. Although most brokers and agents must take state-accredited prelicensing courses to become licensed, some states may waive this requirement if the candidate has taken college courses in real estate.
Training Required
Real estate sales agents improve their skills through practice and repetition. Training varies depending on the real estate company. Some provide formal training, while others allow their agents to enter the field immediately after obtaining their license. In some states, agents must be sponsored by a broker while they are working to get their license.
Job Outlook
The projected percent change in employment from 2016 to 2026: 6% (As fast as average)
(The average growth rate for all occupations is 7 percent.)
Advancement
Sales agents who earn their brokers license may open their own offices.
Licenses/Certifications
All real estate brokers and sales agents must be licensed. Licensing requirements vary by state, but most have similar basic requirements:
Median pay: How much do Real Estate Brokers and Sales Agents make?
$46,410 Annual Salary
$22.32 per hour

Careers for Real Estate Brokers and Sales Agents

  • Apartment leasing agents
  • Broker associates
  • Buyers' agents
  • Leasing consultants
  • Real estate agents
  • Real estate broker
  • Real estate rental agents
  • Real estate sales agents
  • Realtors
  • Residence leasing agents
  • Sales agents, real estate

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