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41-9021.00 - Real Estate Brokers


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.


Key Facts
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Bright Outlook
Career Details
Green Job
Career Details
Current Employment
83,900
Estimate
Forecasted Employment
85,400
Estimate
Change in Employment
+1,500
Estimate
Change in Employment %
+1.8%
Estimate
Tasks
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Tasks
The tasks listed below can be performed to prepare you for a career in this field.
Core
  • Sell, for a fee, real estate owned by others.
  • Obtain agreements from property owners to place properties for sale with real estate firms.
  • Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
  • Compare a property with similar properties that have recently sold to determine its competitive market price.
  • Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
  • Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
  • Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
  • Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
  • Appraise property values, assessing income potential when relevant.
  • Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of a property's area.
  • Manage or operate real estate offices, handling associated business details.
  • Rent properties or manage rental properties.
  • Arrange for title searches of properties being sold.
Supplemental
  • Arrange for financing of property purchases.
  • Supervise agents who handle real estate transactions.
  • Give buyers virtual tours of properties in which they are interested, using computers.
  • Review property details to ensure that environmental regulations are met.
  • Develop, sell, or lease property used for industry or manufacturing.
  • Maintain working knowledge of various factors that determine a farm's capacity to produce, such as agricultural variables and proximity to market centers and transportation facilities.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Knowledge
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Knowledge

The items listed below are organized into sections that contain knowledge useful for pursuing a career in this field. Each section also contains a "Percentage of Importance" statistic that shows how relevant an item is to the occupation.
 Sales and Marketing
  • 90%
    Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
 Customer and Personal Service
  • 85%
    Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
 English Language
  • 83%
    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
 Law and Government
  • 80%
    Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
 Administration and Management
  • 79%
    Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
 Economics and Accounting
  • 70%
    Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
 Computers and Electronics
  • 68%
    Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
 Mathematics
  • 66%
    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 Communications and Media
  • 65%
    Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
 Building and Construction
  • 64%
    Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
 Clerical
  • 64%
    Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
 Education and Training
  • 63%
    Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
 Psychology
  • 62%
    Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
 Personnel and Human Resources
  • 57%
    Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
 Geography
  • 53%
    Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
 Public Safety and Security
  • 51%
    Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
 Telecommunications
  • 50%
    Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Tools
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Tools
The tools listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.
 Computer printers
  • Computer laser printers
 Computers
  • Desktop computers
  • Laptop computers
  • Personal computers
  • Personal digital assistants PDA
 Cameras
  • Digital cameras
  • Digital video cameras
 Calculating machines and accessories
  • Handheld calculators
 Duplicating machines
  • Laser facsimile machines
  • Photocopying equipment
 Measuring and layout tools
  • Measuring tapes
 Passenger motor vehicles
  • Passenger vehicles
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Technology
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Technology
The technologies listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.
 Content authoring and editing software
  • Adobe Systems Adobe PhotoshopHOT
  • FacebookHOT
  • Microsoft ExcelHOT
  • Microsoft PowerPointHOT
  • Microsoft WordHOT
 Data management and query software
  • AMTdirect
  • AppFolio Property Manager
  • Customer relationship management CRM software
  • Deep Forest Systems OnCite
  • Domin-8 Enterprise Solutions Tenant Pro
  • Enterprise Software Systems CRE Sync
  • First American CoreLogic RealQuest Pro
  • Lease Cost Solutions LseMod
  • London Computer Systems Rent Manager
  • Microsoft AccessHOT
  • Property Boulevard
  • Property records databases
  • PropertyBoss Solutions PropertyBoss
  • Propertyware
  • Real Estate Assistant REA
  • Real estate listing databases
  • Showing Suite
  • Visual Lease
  • Yardi software
  • Yardi Systems Yardi Voyager Commercial
 Information exchange software
  • Google Earth Pro
  • Microsoft OutlookHOT
 Finance accounting and enterprise resource planning ERP software
  • Intuit QuickBooksHOT
 Development software
  • Microsoft Active Server Pages ASPHOT
 Network applications software
  • Microsoft Internet Explorer
  • Web browser software
 Business function specific software
  • Microsoft OfficeHOT
 Industry specific software
  • RealData REIA
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Certifications
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Certifications
The certifications listed below are useful to pursue if you are interested in a career in this field.
 Specialty
 Advanced
 Product/Equipment
  • IBM Certified Application Development - TRIRIGA Application Platform V3.2.1
    1133 Westchester Avenue White Plains, NY 10604404-238-1234 (outside U.S.)

  • IBM Certified Application Consultant - TRIRIGA Real Estate Manager V10.3
    1133 Westchester Avenue White Plains, NY 10604404-238-1234 (outside U.S.)

  • IBM Certified Associate Application Developer - TRIRIGA Application Platform V3.2.1
    1133 Westchester Avenue White Plains, NY 10604404-238-1234 (outside U.S.)

 Core
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Licensing
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Licensing
The licensing information below is organized into sections and is useful for pursuing if you are interested in a career in this field.
No specific licensing information is listed for this occupation in the area you have selected.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Related Programs
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Online Programs related to this career, offered by participating institution(s), are listed below.

Clicking on the Degree programs in the list below will take you away from the Careers page.
INSTITUTION
PROGRAMS
Mountain Empire Community College
 Programs