Employment Percentage
17.55120214
SOC ID
41-9021
SOC Title
Real Estate Brokers
ONET ID
41-9021.00
ONET Concat ID
41902100
Median Salary
70223.47
EMSI 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 Doctors
0
Typical Ed Level
a Bachelor's degree
Career 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
- Sell, for a fee, real estate owned by others.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
- Manage or operate real estate offices, handling associated business details.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
- Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
- Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
- Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
- Rent properties or manage rental properties.
- Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of a property's area.
- Arrange for title searches of properties being sold.
- Appraise property values, assessing income potential when relevant.
Start Annual Earnings
22287.5
Top Annual Earnings
270687.61
EMSI Career Title Slug
real-estate-broker