Occupation Profile

Real Estate Brokers

(SOC Code : 41-9021)

in California

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.

Employers are usually looking for candidates with Work experience in a related occupation .

View a Career Video for this occupation from America's Career InfoNet (requires Windows Media Player)

Occupational Wages

[Top]

Area	Year	Period	Hourly Mean	Hourly by Percentile
				25th	Median	75th
California	2012	1st Qtr	$48.09	$25.56	$37.73	$56.26

View Wages for All Areas About Wages

Occupational Projections of Employment (also called "Outlook" or "Demand")

[Top]

Area	Estimated Year-Projected Year	Employment		Employment Change		Annual Avg Openings
		Estimated	Projected	Number	Percent
California	2010 - 2020	10,900	12,600	1,700	15.6	420

View Projections for All Areas About Projections

Job Openings from JobCentral National Labor Exchange

[Top]

Enter a Zip Code Find a Zip code in California

Within miles of Zip Code.

Possible Licenses Required and Issuing Authority

[Top]

License Title

License Authority

Real Estate Broker License

Department of Real Estate
Licensing
www.dre.ca.gov

Broker-Dealer Certificate

Department of Corporations
Sacramento Office
Public Affairs
www.corp.ca.gov

About Licenses

Industries Employing This Occupation (click on Industry Title to View Employers List)

[Top]

Industry Title

Number of Employers in State of California

Percent of Total
Employment for Occupation in State of California

Offices of Real Estate Agents & Brokers

39,683

30.8%

Lessors of Real Estate

26,756

1.4%

About Staffing Patterns

Training Programs (click on title for more information)

[Top]

Program Title

Real Estate

About Training & Apprenticeships

About This Occupation (from O*NET - The Occupation Information Network)

[Top]

Top Tasks (Specific duties and responsibilities of this job.)

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.

Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.

Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.

Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.

Arrange for financing of property purchases.

Appraise property values, assessing income potential when relevant.

More Tasks for Real Estate Brokers

Top Skills used in this Job

Speaking - Talking to others to convey information effectively.

Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Persuasion - Persuading others to change their minds or behavior.

Social Perceptiveness - Being aware of others` reactions and understanding why they react as they do.

Coordination - Adjusting actions in relation to others` actions.

Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Negotiation - Bringing others together and trying to reconcile differences.

More Skills for Real Estate Brokers

Top Abilities (Attributes of the person that influence performance in this job.)

Oral Expression - The ability to communicate information and ideas in speaking so others will understand.

Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.

Written Comprehension - The ability to read and understand information and ideas presented in writing.

More Abilities for Real Estate Brokers

Top Work Values (Aspects of this job that create satisfaction.)

Independence - Occupations that satisfy this work value allow employees to work on their own and make decisions.

Achievement - Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment.

More Work Values for Real Estate Brokers

Top Interests (The types of activities someone in this job would like.)

Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.

Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.

More Interests for Real Estate Brokers