Real Estate Brokers

Median salary

$73,220

Average salary

$83,950

Employment

46,100

Projected growth

3.3% growth

Annual openings

9,700

Typical entry education

High school diploma or equivalent

What Real Estate Brokers Do

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.

See full salary breakdown & percentiles →

Career Outlook

National employment outlook, 2024–2034.

Related work experience: Less than 5 years
On-the-job training: None
Self-employed: 54.5%

Source: BLS Employment Projections — 2024-2034.

How Much Preparation Does This Take?

Job Zone 4 of 5

Job Zone Four: Considerable Preparation Needed

Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations.
Education: Most of these occupations require a four-year bachelor's degree, but some do not.
Job training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Source: O*NET Job Zones.

Key Knowledge Areas

Subject-matter areas this occupation draws on most, per O*NET.

Sales and Marketingimportance 4.5/5
Customer and Personal Serviceimportance 4.3/5
English Languageimportance 4.1/5
Law and Governmentimportance 4.0/5
Administration and Managementimportance 3.9/5
Economics and Accountingimportance 3.5/5
Computers and Electronicsimportance 3.4/5
Mathematicsimportance 3.3/5

Work Environment

What the day-to-day work setting is like, per O*NET.

Telephone Conversations5.0/5
E-Mail5.0/5
Freedom to Make Decisions4.9/5
Determine Tasks, Priorities and Goals4.8/5
Face-to-Face Discussions with Individuals and Within Teams4.8/5
Indoors, Environmentally Controlled4.8/5

Careers With Similar Skills

Occupations whose Transferable Skills profile most closely matches this one — a mathematical comparison, not observed data about people actually moving between these careers.

Real Estate Sales Agents98% skill match
Order Clerks96% skill match
Claims Adjusters, Examiners, and Investigators94% skill match
Bill and Account Collectors94% skill match
Tax Examiners and Collectors, and Revenue Agents93% skill match
Retail Salespersons93% skill match
Labor Relations Specialists93% skill match
Agents and Business Managers of Artists, Performers, and Athletes93% skill match

Transferable Skills

Cross-functional skills this occupation draws on most, per O*NET — the kind that carry over to other careers.

Negotiationimportance 3.6/5
Persuasionimportance 3.5/5
Social Perceptivenessimportance 3.4/5
Judgment and Decision Makingimportance 3.4/5
Service Orientationimportance 3.3/5
Coordinationimportance 3.1/5
Complex Problem Solvingimportance 3.0/5
Time Managementimportance 3.0/5

Software & Technologies

Tools and software used in this occupation, per O*NET.

Hot Technologies

Other Software Used

AMTdirect
AppFolio Property Manager
Deep Forest Systems OnCite
Domin-8 Enterprise Solutions Tenant Pro
Enterprise Software Systems CRE Sync
First American CoreLogic RealQuest Pro
Google Earth Pro
Lease Cost Solutions LseMod

Work Style

Personal work characteristics that matter most for this occupation, per O*NET.

Social Orientation
Perseverance
Dependability
Self-Confidence
Attention to Detail
Integrity
Leadership Orientation

Career Interests

This occupation’s RIASEC interest profile, per O*NET — how strongly it fits each of the six Holland interest types.

EnterprisingHigh
ConventionalHigh
SocialLow
RealisticLow
InvestigativeLow
ArtisticLow

This page includes information from the O*NET 30.3 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.