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Real Estate Brokers

Median Salary
63,060
Job Outlook
-1%

Overview

What are the responsibilities of this role?

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.

What is the job outlook?

Compensation

What is the typical salary range?

$30,270

10%

$63,060

Median

$159,130

90%

How does location impact how much salary?

Education

What level of education do professionals in this role have?

Education Level

  • Bachelor's degree

    36%

  • Some college

    23%

  • High school

    12%

  • Post baccalaureate

    8%

  • First professional degree

    8%

  • Associate's degree

    5%

  • Less than high school

    3%

Which college majors best prepare you for this role?

  • Real Estate Development
  • Real Estate

Skills and Interest

Which skill sets are the most valuable to possess?

Skills

  • Verbal Skills

    High

  • Leadership

    High

  • Math and Science Skills

    Mid

  • Technology Design and Control

    Mid

  • Equipment Operation and Maintenance

    Low

  • Critical Thinking and Problem Solving

    Mid

What knowledge should you bring to the table?

  • Customer and Personal Service
  • Sales and Marketing
  • Administrative
  • Administration and Management
  • English Language

What challenges will you likely face in the workplace?

Workplace

  • Decision Making

    High

  • Level Of Competition

    High

  • Exposure to Job Hazards

    Mid

  • Time Pressure

    Mid

  • Repetitiveness

    Mid

  • Responsibility

    Low

  • Physical Activity

    Low

What personality traits help people thrive in this role?

Enterprising

You love taking risks in business or personal projects — and have the leadership skills to back it up.

Conventional

You like structure, staying organized, and working with systems to get things done efficiently.

RIASEC represents six broad interest areas—Realistic, Investigative, Artistic, Social, Enterprising, and Conventional—helping individuals identify careers that match their skills and preferences.

Take the RIASEC Test

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Data supplied by Bureau of Labor Statistics, National Center of Education Statistics, Defense Manpower Data Center (View our update schedule). Contact any business, college or military service branch to answer additional questions.