Skip navigation

Real Estate Brokers - 41-9021.00

O*NET-SOC Description

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.

Sample of Reported Job Titles

  • Broker
  • Real Estate Broker
  • Associate Broker
  • Realtor
  • Broker Associate
  • Real Eastate Sales Associate
  • Real Estate Agent
  • Office Administrator
  • Office Manager
  • Real Estate Associate

SOC Occupation Groups

Related Occupations

Tasks

  • Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
  • Appraise property values, assessing income potential when relevant.
  • Arrange for financing of property purchases.
  • Arrange for title searches of properties being sold.
  • Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
  • Compare a property with similar properties that have recently sold to determine its competitive market price.
  • Develop, sell, or lease property used for industry or manufacturing.
  • Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
  • Give buyers virtual tours of properties in which they are interested, using computers.
  • Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
  • Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
  • 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.
  • Manage or operate real estate offices, handling associated business details.
  • Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
  • Obtain agreements from property owners to place properties for sale with real estate firms.
  • Rent properties or manage rental properties.
  • Review property details to ensure that environmental regulations are met.
  • Sell, for a fee, real estate owned by others.
  • Supervise agents who handle real estate transactions.

Detailed Work Activities

  • Appraise property values.
  • Contract real estate to clients.
  • Monitor market conditions or trends.
  • Negotiate prices or other sales terms.
  • Obtain property information.
  • Prepare sales or other contracts.
  • Review accuracy of sales or other transactions.
  • Review laws or regulations to maintain professional knowledge.
  • Supervise sales or support personnel.

Military Crosswalk Titles

No information available.

Apprenticeship Crosswalk Titles

No information available.

DOT Crosswalk Titles

No information available.