A real estate broker is areal estate professional who has acquired a broker license. In most states,one must hold an active real estate license for two years and attain further education in order to acquire their broker’s license.
People also ask
What does a real estate broker do?
A real estate broker works to negotiate and arrange real estate transactions. This licensed individual has daily duties that include writing contracts and overseeing transactions for sales and purchasing activities on homes, land, and commercial properties.
What does 渂roker?mean?
When non-real estate professionals reference a 渞eal estate broker,?they檙e usually talking about a brokerage firm. As a quick reference, they檒l say 渢he broker?(or agents will use 渕y broker? for ease.
Can a broker be licensed as a real estate agent?
Licensing Levels In some states, every real estate professional is licensed as a broker, such as in Colorado and New Mexico. However, even if you are licensed as an independent broker, you must attain another higher-level license if you want to hire agents or other brokers to work under you.
What is the average salary for a real estate broker?
The average national salary for real estate brokers is $75,910, according to the Bureau of Labor Statistics. Commission is often added on top of that base salary. In 2017, Connecticut, New Hampshire, and Ohio were the states offering the highest average base salary for real estate brokers — each well above $100K annually.