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.
SOC: 41-9021.00
Common Job Titles
Broker
Managing Broker
Real Estate Broker
Realtor
What You'll Need to Succeed
AI-generated
Key competencies for this occupation at a glance
KnowledgeDevelop business development strategies and client acquisition plans leveraging CRM software, social media platforms, and market intelligence.
Advanced
KnowledgeEvaluate property valuations and market conditions using comparative market analysis and financial data to guide pricing strategies.
Proficient
MindsetIntegrate client needs with market opportunities when establishing and maintaining long-term client relationships.
Proficient
KnowledgeAnalyze real estate transactions and legal documentation ensuring compliance with federal, state, and local regulations.
Proficient
MindsetAdvocate client interests during contract negotiations balancing stakeholder expectations and resolving conflicts professionally.
Proficient
KnowledgeCoordinate real estate office operations and transaction workflows managing administrative tasks, personnel resources, and scheduling independently.
Proficient
KnowledgeAssess property conditions and marketability factors conducting site inspections and evaluating building features and geographic considerations.
Proficient
KnowledgeApply sales and marketing strategies across multiple channels including digital platforms and property listing databases.
Developing
KnowledgeExplain financing options and loan arrangements to clients with varying levels of real estate knowledge.
Developing
MindsetEngage with diverse client populations and community stakeholders demonstrating cultural awareness and service-oriented communication.
Developing
KnowledgeInterpret real estate data from multiple listing services and property databases using specialized software tools such as Yardi, CoreLogic, and Microsoft Office applications.
Developing
Wage Data According to the Bureau of Labor Statistics
Annual wage data for Real Estate Brokers (2024)
Estimated Total Employment (U.S.)
49,590
Wage Distribution by Percentile
Line chart of annual wages by percentile. U.S. is the solid line. 10th percentile: U.S. $36,920. 25th percentile: U.S. $48,200. 50th percentile: U.S. $72,280. 75th percentile: U.S. $114,220. 90th percentile: U.S. $166,730. Use the left and right arrow keys to move between percentiles.
U.S.
Metric
U.S.
10% of workers earn the following or less
$36,920
10% of workers earn the following or more
$166,730
Workers on average earn
$91,660
+ indicates wage is at or above the BLS reporting cap ($239,200/year)
Skills & Requirements
Key competencies for this occupation, ranked by importance
Sales and Marketing4.5/5
Customer and Personal Service4.3/5
English Language4.1/5
Law and Government4.0/5
Administration and Management3.9/5
Skills & Requirements: Knowledge
Tools & Technology
Equipment and software commonly used in this occupation
