Career Details

Real Estate Broker

Career Overview

A real estate broker helps people to buy, sell, or rent property. A broker may own a real estate business; a realtor must work under the guidance of a broker.

Education

A high school diploma or equivalent is required. An individual must also take one or a series of real estate courses and complete a licensure exam in order to work in this field.

Salary Expectations

Low End:
Median:
High End:
$25,000 /yr
$50,000 /yr
$125,000 /yr

Recommended Courses

  • Psychology
  • English - as much as possible!
  • Communication
  • Finance
  • Real Estate
Future Outlook

Over the next 10 years, the job prospects for this position are best in areas where there is a lot of real estate activity. There will likely be a lot of competition for these positions. Opportunities are better for brokers than for realtors (agents).

Jobs: Check Available Jobs!

Work Environment

Real estate brokers typically work in real estate or leasing offices. About half of them are self-employed. Brokers spend some time in the office doing research and supervising realtors, but they will spend a lot of time showing properties to potential buyers. Evening and weekend work should be expected. Some brokers may only work part-time.

Schools
Scholarships
References

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook

Explore Careers, Labour Market Information, Government of Canada