qoute

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
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.

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).

References
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook
Explore Careers, Labour Market Information, Government of Canada