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Real Estate Brokers and Sales Agents

Real Estate Brokers and Sales Agents
Quick Facts : Real Estate Brokers and Sales Agents*
2010 Median Pay$42,680
Entry Level EducationHigh school diploma or equivalent
Work Experience in Related OccupationNone
Number of Jobs, 2012466,100
Job Outlook11% (About as fast as average)
Employment Change52,500


Real estate brokers and sales agents help people buy, sell, and rent properties. Agents and brokers work together and do the same type of work except brokers are also licensed to manage their own real estate businesses.

What Real Estate Brokers and Sales Agents Do

  • Solicit potential clients to buy, sell, and rent properties
  • Take prospective buyers or renters to see properties
  • Present purchase offers to sellers for consideration
  • Mediate negotiations between the buyer and seller
  • Ensure all terms of purchase contracts are met

Work Environment

A majority—about 57 percent—of real estate brokers and sales agents are self-employed. Although they often work long and irregular hours, many are able to set their own schedules.
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Job Outlook

Employment of real estate brokers and sales agents is expected to grow 11 percent from 2010 to 2020 as the real estate market rebounds from the recent economic recession.
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Pay

The average salary of real estate brokers was $54,910 in May 2010.
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Real Estate Brokers and Sales Agents*
Average Annual Salary, May 2010

Real Estate Brokers and Sales Agents

42680

Sales Occupations

43308.1818

All Jobs in the U.S.

52312.5223
Real Estate Brokers and Sales Agents*
Percent Change in Employment

Real Estate Brokers and Sales Agents

11.2637

Sales Occupations

14.306078997525303

All Jobs in the U.S.

15.767561808929724

Becoming a Real Estate Brokers and Sales Agents

Real estate brokers and sales agents need at least a high school diploma. Both brokers and sales agents must be licensed. To become licensed, candidates complete a particular number of hours of real estate courses.
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