Median pay
$72,280
Median annual pay for Real Estate Brokers.
U.S. Bureau of Labor Statistics · 2024
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Sales
Real Estate Brokers
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.
10-year growth
3.3%
Projected employment growth from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Annual openings
9,700
Projected annual openings, including growth and replacement demand.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Employment
111,300
Estimated U.S. employment for Real Estate Brokers in 2024.
U.S. Bureau of Labor Statistics · 2024
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Jobs added or lost
+3,700
Projected numeric employment change from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Entry preparation
High school diploma or equivalent
Typical additional preparation: Less than 5 years of related work experience.
U.S. Bureau of Labor Statistics · 2024 profile
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O*NET occupation profile
What the work involves
Strongest O*NET signals first.
Essential skills
- 1Speaking
- 2Active Listening
- 3Critical Thinking
- 4Reading Comprehension
- 5Active Learning
- 6Writing
Knowledge areas
- 1Sales and Marketing
- 2Customer and Personal Service
- 3English Language
- 4Law and Government
- 5Administration and Management
- 6Economics and Accounting
Abilities
- 1Oral Comprehension
- 2Oral Expression
- 3Written Comprehension
- 4Deductive Reasoning
- 5Near Vision
- 6Speech Clarity
Career interests
- 1Enterprising
- 2Conventional
- 3Social
- 4Realistic
- 5Investigative
- 6Artistic
Work styles
- 1Social Orientation
- 2Perseverance
- 3Dependability
- 4Self-Confidence
- 5Attention to Detail
- 6Integrity
Work activities
- 1Getting Information
- 2Establishing and Maintaining Interpersonal Relationships
- 3Updating and Using Relevant Knowledge
- 4Working with Computers
- 5Organizing, Planning, and Prioritizing Work
- 6Performing Administrative Activities
Work context
- 1E-Mail
- 2Telephone Conversations
- 3Freedom to Make Decisions
- 4Determine Tasks, Priorities and Goals
- 5Face-to-Face Discussions with Individuals and Within Teams
- 6Indoors, Environmentally Controlled
Representative 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.
- Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
- 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.
- Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
- Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
Software and tools
Microsoft Office software · in demandMicrosoft Outlook · in demandSalesforce software · hot technologyMicrosoft Word · hot technologyMicrosoft PowerPoint · hot technologyYardi software · hot technologyMicrosoft Excel · hot technologyMicrosoft Active Server Pages ASP · hot technologyMicrosoft Access · hot technologyAdobe Photoshop · hot technologyFacebook · hot technologyIntuit QuickBooks · hot technology
Sources
BLS provides national pay, employment, and projections. O*NET provides skills, interests, preparation, tasks, work context, and tools.