Program Codes: 
36064,36141
Employment Percentage: 
4.9406910778752
SOC ID: 
41-9021
SOC Title: 
Real Estate Brokers
ONET ID: 
41-9021.00
ONET Concat ID: 
41902100
Median Salary: 
71282.36
Interest Area Term: 
Ed Level High School: 
15.69
Ed Level Certificate: 
0.84
Ed Level Some College: 
23.65
Ed Level Associates: 
5.89
Ed Level Bachelors: 
45.330002
Ed Level Masters: 
8.6
Ed Level Doctor: 
0
Typical Ed Level: 
a Bachelor's degree
Description: 

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.

Core Tasks: 

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

Start Annual Earnings: 
23313.56
Top Annual Earnings: 
267902.43
Title Slug: 
real-estate-broker