Real estate broker

Education required for this profession

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. College courses in real estate, finance, business administration, statistics, economics, law, and English are helpful. For those who intend to start their own company, business courses such as marketing and accounting are as important as courses in real estate or finance. More than 1,000 universities, colleges, and community colleges offer courses in real estate. Most offer an associate or bachelor’s degree in real estate; some offer graduate degrees. Many local real estate associations that are members of the National Association of Realtors sponsor courses covering the fundamentals and legal aspects of the field. Advanced courses in mortgage financing, property development and management, and other subjects also are available. Many firms offer formal training programs for both beginners and experienced agents. Larger firms usually offer more extensive programs than smaller firms do.

Relevant Degree/Diploma/Certificate

High School Diploma, License

Quick Facts

Real estate brokers and sales agents often work evenings and weekends and usually are on call to suit the needs of clients. A license is required in every State and the District of Columbia. Although gaining a job may be relatively easy, beginning workers face competition from well-established, more experienced agents and brokers. Employment is sensitive to swings in the economy, especially interest rates; during periods of declining economic activity and rising interest rates, the volume of sales and the resulting demand for sales workers fall.

Salary

The median annual earnings, including commissions, of salaried real estate sales agents are $39,760 . The middle 50 percent earn between $26,790 and $65,270 a year. The lowest 10 percent earn less than $20,170, and the highest 10 percent earn more than $111,500.

Featured Universities Offering Degrees for this Profession

A.T. Still University of Health Sciences	Abilene Christian University	American InterContinental University Online	American Sentinel University	Antonelli College

Online Universities Offering Degrees for this Profession

A A.T. Still University of Health Sciences Abilene Christian University American InterContinental University Online American Sentinel University Antonelli College Argosy University Online Ashford University B Baker College Online Bay Path College Bellevue University Benedictine University Boise State University Boston University Bowling Green State University Bryant & Stratton College Bush School of Government - Texas A&M University C California Coast University California InterContinental University California State University, Monterey Bay Capella University Chamberlain College of Nursing Chancellor University Clarion University of Pennsylvania Cleveland Institute of Electronics Colorado Technical University Online Columbia Southern University Concord Law School Concordia University Irvine Creighton University Cumberland University D Daniel Webster College DePaul University DeSales University DeVry University Dominican University Drexel University Online Duquesne University E Eastern Kentucky University eCornell Ellis University Everest College Phoenix Everest University Online Everglades University F Fielding Graduate University Florida Hospital College of Health Sciences Florida Tech University Online Fort Hays State University Full Sail University G Golden Gate University Gonzaga University Graceland University Grand Canyon University Gratz College H Harrison College Henley-Putnam University Herzing University Hodges University

I IIA College Independence University Indiana State University Indiana Tech International Academy of Design and Technology Iowa Central College Online Ivy Bridge College J Jacksonville University Jones International University K Kaplan University Keiser University Keller Graduate School of Management Kent State University L LA College Online Lehigh University Lesley University LeTourneau University Lewis University Liberty University Online Lincoln College Online Loyola University New Orleans M Malone University Marylhurst University McKinley College Minnesota School of Business Missouri University of Science and Technology Mountain State University N National American University New England College New England Culinary Institute New Jersey Institute of Technology / NJIT New York Medical College - School of Public Health Nova Southeastern University O Ohio University Oklahoma Wesleyan University P Post University Online S Strayer University Syracuse University T The Art Institute of Pittsburgh Online Division U UMassOnline University Alliance University of Phoenix W Walden University