Jobs / Sales and marketing / 41-9021.00
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.
- US jobs
- 46,100
- Median wage
- $73,220 a year
- Job family
- Sales and marketing
Can agents do the work of real estate brokers?
We read the evidence for the whole job family, Sales and marketing: Some tasks (no change in 12 months)
Agents complete 20% or more of the tasks (or projects) on a direct benchmark.
Evidence: CRMArena-Pro, 58.3% of tasks completed.
0% of this occupation's work, by O*NET work activities, is measured by a direct benchmark.
- 15%Sell products or servicesNot measured
- 12%Evaluate condition of financial assets, property, or other resourcesNot measured
- 12%Evaluate the quality or accuracy of dataNot measured
- 11%Gather information from physical or electronic sourcesNot measured
- 11%Maintain current knowledge in area of expertiseNot measured
- 8%Prepare documentation for contracts, applications, or permitsNot measured
- 7%Negotiate contracts or agreementsNot measured
- 5%Assess compliance with environmental standards or regulationsNot measured
Benchmarks for the job family
These cover work in sales and marketing, not always this occupation's tasks.
Direct evidence
Work benchmarks mapped primary to this family. They set the step when they report how many tasks agents complete.
Also relevant
These benchmarks cover part of this family's work, or have no result yet. They do not set its step.
Context only
These benchmarks span many occupations, or they test how agents behave. They give context but do not set the step.
Typical tasks
From O*NET 31.0. Core tasks first. Few of these tasks have a benchmark today.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Sell, for a fee, real estate owned by others.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- 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.
- Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
- Rent properties or manage rental properties.
- Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
- Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
- Appraise property values, assessing income potential when relevant.
- Arrange for financing of property purchases.
- Review property details to ensure that environmental regulations are met.
Other job titles for this occupation (27)
Broker · Broker Associate · Commercial Leasing Broker · Commercial Real Estate Advisor · Commercial Real Estate Broker · Designated Broker · Managing Broker · Real Estate Associate · Real Estate Sales Associate · Realtor · Buyer Broker · Buyers Agent · Closing Agent · Lease Administration Analyst · Lease Analyst · Lease Coordinator · Leasing Professional · Leasing Specialist · Licensed Real Estate Broker · Property Broker · Real Estate Broker Associate · Real Estate Closer · Real Estate Representative (Real Estate Rep) · Real Estate Specialist · Real Estate Transaction Coordinator · Realty Loan Specialist · Realty Specialist