Real Estate Broker
by: Haley Mckenzie
What does a real estate broker do?
A real estate broker is a person who helps clients buy, sell or rent properties. A real estate broker has to acquire a licence to manage their own real estate business, relating to being self-employed and setting their own schedules. A real estate broker can also work for a commercial real estate firm overseeing transactions and clientele.
- Find clients to sell properties too while also meeting their needs.
- Show properties to clients.
- Pursue offers on properties.
- Present offers of purchase to sellers.
- Research properties for sale.
- Hold open houses for interested buyers
- Attend sales training once licenced.
- Hire coaches to show how to be successful in the real estate business.
- Involves a wide range of competition.
- Includes Personal and complex transaction.
- Can be a stressful, fast-paced career.
Training and experience:
With an average sales price of $150,000 , In order to become a real estate broker, you must complete 40 to 72 hours of pre-license training and a written exam. Being a real estate broker you work alone which means you voluntarily attend open houses and have little or no supervision.
- Deductive reasoning
- Negotiating deals
- Active listening
Based on your level of experience a real estate broker can make between $56,000 to $84,000. On average, a real estate broker can receive a yearly salary of $76,200.