Real Estate Broker Jobs


Real Estate Broker Jobs
Real estate brokers and Sales Agents held about 466,100 jobs in 2010. Real Estate sales agents held approximately 77% of these jobs. About 6 out of 10 Real Estate Brokers were self employed, according to United State Bureau of Labor Statistics.



Employment

In 2010, Real Estate Brokers and Sales Agents held about 466,100 jobs; Real Estate Sales Agents held approximately 76 percent of these jobs.


These people worked part time, combining their real estate activities with other careers. About 59 percent of real estate brokers and sales agents were self-employed. Real estate is sold in all areas, but employment is concentrated in large urban areas and in rapidly growing communities.


Most real estate firms are relatively small; indeed, some are one-person businesses. By contrast, some large real estate firms have several hundred agents operating out of numerous branch offices. Many brokers have franchise agreements with national or regional real estate organizations. Under this type of arrangement, the broker pays a fee in exchange for the privilege of using the more widely known name of the parent organization. Although franchised brokers often receive help in training sales staff and running their offices, they bear the ultimate responsibility for the success or failure of their firms - Real Estate Broker Jobs

Real Estate Brokers and Sales Agents are older, on average, than most other workers. Historically, many homemakers and retired persons were attracted to real estate sales by the flexible and part-time work schedules characteristic of the field. These individuals could enter,leave,and later return to the occupation,depending on the strength of the real estate market,their family responsibilities,or other personal circumstances - Real Estate Broker Jobs


Nature of the Work


One of the most complex and significant financial events in peoples' lives is the purchase or sale of a home or investment property. Because of this complexity and significance,people typically seek the help of Real Estate Brokers and Sales Agents when buying or selling real estate.


Real Estate Brokers and Sales Agents have a thorough knowledge of the market in their communities. They know which neighborhoods will best fit clients' needs and budgets. They are familiar with local zoning and tax laws and know where to obtain financing. Agents and brokers also act as intermediaries in price negotiations between buyers and sellers - Real Estate Broker Jobs


Real Estate Agents usually are independent sales workers who provide their services to a licensed Real Estate Brokers on a contract basis. In return, the broker pays the agent a portion of the commission earned from the agent's sale of the property. Brokers are independent businesspeople who sell real estate owned by others; they also may rent or manage properties for a fee - Real Estate Broker Jobs


When selling real estate, brokers arrange for title searches and for meetings between buyers and sellers during which the details of the transactions are agreed upon and the new owners take possession of the property. A broker may help to arrange favorable financing from a lender for the prospective buyer; often,this makes the difference between success and failure in closing a sale. In some cases, brokers and agents assume primary responsibility for cosing sales; in others,lawyers or lenders do - Real Estate Broker Jobs


Education and Qualifications


In every State and the District of Columbia, Real Estate Brokers and Sales Agents must be licensed. Prospective agents must be high school graduates, be at least 18 years old, and pass a written test administered by the State. Agents and brokers must be high school graduates. In fact, as real estate transactions have become more legally complex, many firms have turned to college graduates to fill positions. A large number of agents and brokers have some college training - Real Estate Broker Jobs


Earnings


The median annual wage of real estate brokers was $54,910 in May 2010. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $25,550, and the top 10 percent earned more than $161,820. The median annual wage of real estate sales agents was $40,030 in May 2010. The lowest 10 percent earned less than $20,460, and the top 10 percent earned more than $95,220. Brokers and sales agents earn most of their income from commissions on sales. The commission varies by the type of property and its value. Commissions are often divided among the buying and selling agents, brokers, and firms.



The information source: Bureau of Labor Statistics at http://www.bls.org


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Real Estate Broker Jobs Information & Resources

Century21
Century 21 Real Estate LLC is the franchisor of the world’s largest residential real estate sales organization, with more than 7,800 independently owned and operated franchised Real Estate offices in over 67 countries and territories worldwide. For more than 30 years,

The National association of Realtors
The NATIONAL ASSOCIATION OF REALTORS® was founded as the National Association of Real Estate Exchanges on May 12, 1908, at the YMCA Auditorium in Chicago, Il.

Keller Williams Realty
Today, Keller Williams Realty stands as the second largest real estate franchise company in the United States, with more than 79,000 associates and nearly 700 market centers throughout North America.

Marcus & Millichap
Since 1971, Marcus & Millichap Real Estate Investment Services has been the premier provider of investment real estate brokerage services. The foundation of our investment sales is the depth of our local market knowledge. Our 40-year history of maintaining investor relationships in local markets enables us to be the best information source and transaction service provider nationally



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