Real Estate Broker 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.
Real Estate Broker is Also Know as
In different settings, Real Estate Broker is titled as
- Broker
- Broker Associate
- Designated Broker
- Managing Broker
- Real Estate Associate
- Real Estate Broker
- Real Estate Sales Associate
- Realtor
Education and Training of Real Estate Broker
Real Estate Broker is categorized in Job Zone Four: Considerable Preparation Needed
Experience Required for Real Estate Broker
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Education Required for Real Estate Broker
Most of these occupations require a four-year bachelor's degree, but some do not.
Degrees Related to Real Estate Broker
- Bachelor in Real Estate Development
- Associate Degree Courses in Real Estate Development
- Masters Degree Courses in Real Estate Development
- Bachelor in Real Estate
- Associate Degree Courses in Real Estate
- Masters Degree Courses in Real Estate
Training Required for Real Estate Broker
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Related Ocuupations
Some Ocuupations related to Real Estate Broker in different industries are
- Real Estate Sales Agents
- Property, Real Estate, and Community Association Managers
- Appraisers and Assessors of Real Estate
- Appraisers of Personal and Business Property
- Securities, Commodities, and Financial Services Sales Agents
- Financial and Investment Analysts
- Loan Officers
- Insurance Sales Agents
- Purchasing Agents, Except Wholesale, Retail, and Farm Products
- Sales Managers
- Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
- Wholesale and Retail Buyers, Except Farm Products
- Personal Financial Advisors
- Brokerage Clerks
- Loan Interviewers and Clerks
- Counter and Rental Clerks
- New Accounts Clerks
- Advertising Sales Agents
- Credit Analysts
- Credit Authorizers, Checkers, and Clerks
What Do Real Estate Broker do?
- Sell, for a fee, real estate owned by others.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
- 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.
- Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
- Arrange for financing of property purchases.
- Appraise property values, assessing income potential when relevant.
- Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of a property's area.
- Manage or operate real estate offices, handling associated business details.
- Supervise agents who handle real estate transactions.
- Rent properties or manage rental properties.
- Arrange for title searches of properties being sold.
- Give buyers virtual tours of properties in which they are interested, using computers.
- Review property details to ensure that environmental regulations are met.
- Develop, sell, or lease property used for industry or manufacturing.
- Maintain working knowledge of various factors that determine a farm's capacity to produce, such as agricultural variables and proximity to market centers and transportation facilities.
Qualities of Good Real Estate Broker
- Written Comprehension: The ability to read and understand information and ideas presented in writing.
- Oral Expression: The ability to communicate information and ideas in speaking so others will understand.
- Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
- Speech Clarity: The ability to speak clearly so others can understand you.
- Speech Recognition: The ability to identify and understand the speech of another person.
- Near Vision: The ability to see details at close range (within a few feet of the observer).
- Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
- Written Expression: The ability to communicate information and ideas in writing so others will understand.
- Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
- Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
- Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
- Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
- Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
- Far Vision: The ability to see details at a distance.
- Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
- Selective Attention: The ability to concentrate on a task over a period of time without being distracted.
- Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
- Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
- Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
- Time Sharing: The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
- Trunk Strength: The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
- Memorization: The ability to remember information such as words, numbers, pictures, and procedures.
- Speed of Closure: The ability to quickly make sense of, combine, and organize information into meaningful patterns.
- Visualization: The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
- Auditory Attention: The ability to focus on a single source of sound in the presence of other distracting sounds.
- Depth Perception: The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
- Wrist-Finger Speed: The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
- Visual Color Discrimination: The ability to match or detect differences between colors, including shades of color and brightness.
- Hearing Sensitivity: The ability to detect or tell the differences between sounds that vary in pitch and loudness.
- Control Precision: The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
- Spatial Orientation: The ability to know your location in relation to the environment or to know where other objects are in relation to you.
- Multilimb Coordination: The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
- Finger Dexterity: The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
- Manual Dexterity: The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
- Response Orientation: The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
- Arm-Hand Steadiness: The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.
- Reaction Time: The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.
- Speed of Limb Movement: The ability to quickly move the arms and legs.
- Sound Localization: The ability to tell the direction from which a sound originated.
- Rate Control: The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
- Glare Sensitivity: The ability to see objects in the presence of a glare or bright lighting.
- Peripheral Vision: The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
- Night Vision: The ability to see under low-light conditions.
- Explosive Strength: The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
- Static Strength: The ability to exert maximum muscle force to lift, push, pull, or carry objects.
- Gross Body Equilibrium: The ability to keep or regain your body balance or stay upright when in an unstable position.
- Gross Body Coordination: The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
- Dynamic Flexibility: The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
- Extent Flexibility: The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.
- Stamina: The ability to exert yourself physically over long periods of time without getting winded or out of breath.
- Dynamic Strength: The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
Tools Used by Real Estate Broker
- Computer laser printers
- Desktop computers
- Digital cameras
- Digital video cameras
- Handheld calculators
- Laptop computers
- Laser facsimile machines
- Measuring tapes
- Passenger vehicles
- Personal computers
- Personal digital assistants PDA
- Photocopying equipment
Technology Skills required for Real Estate Broker
- Adobe Photoshop
- AMTdirect
- AppFolio Property Manager
- Customer relationship management CRM software
- Deep Forest Systems OnCite
- Domin-8 Enterprise Solutions Tenant Pro
- Enterprise Software Systems CRE Sync
- First American CoreLogic RealQuest Pro
- Google Earth Pro
- Intuit QuickBooks
- Lease Cost Solutions LseMod
- London Computer Systems Rent Manager
- Microsoft Access
- Microsoft Active Server Pages ASP
- Microsoft Excel
- Microsoft Internet Explorer
- Microsoft Office software
- Microsoft Outlook
- Microsoft PowerPoint
- Microsoft Word
- Property Boulevard
- Property records databases
- PropertyBoss Solutions PropertyBoss
- Propertyware
- Real Estate Assistant REA
- Real estate listing databases
- RealData REIA
- Showing Suite real estate software
- Visual Lease
- Web browser software
- Yardi software
- Yardi Systems Yardi Voyager Commercial