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Real Estate Broker

$73,220
median / year
$37,110 – $143,300
what most earn per year (10th–90th percentile)

What the job actually is

Manage property sales, oversee agents, and guide clients through buying and selling real estate.

You may also see this posted as: Broker, Managing Broker, Realtor, Broker Associate, Designated Broker, Real Estate Associate.

Where you work

Offices, showings, and client sites

The hours

Often evenings and weekends

The day to day

What you'd actually spend time doing

  • Sell, for a fee, real estate owned by others.
  • Obtain agreements from property owners to place properties for sale with real estate firms.
  • 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.
  • Manage or operate real estate offices, handling associated business details.

Good fit if you like…

Enterprising

leading, persuading, selling, or turning an idea into action

Conventional

organizing information, following systems, and getting details right

Social

helping, teaching, caring for, or supporting other people

O*NET job zone 4 of 5

High preparation—usually a four-year degree plus experience—is common.

Work styles that matter most

Social OrientationPerseveranceDependabilitySelf-Confidence

Software that shows up in the work

Examples employers report—not a checklist you must already know.

Microsoft Office softwareMicrosoft OutlookAdobe PhotoshopFacebookIntuit QuickBooksMicrosoft Access

By the numbers

May 2025 BLS wage & employment data · 2024–34 BLS employment projections.

Median pay
$73,220
per year
Hourly median
$35.20
per hour
What most earn
$37,110–$143,300
yearly, 10th to 90th percentile
Openings a year
~9,700
projected, 2024–34
Outlook to 2034
+3.3%
About average
Working in the U.S.
46,100
people, nationwide

Openings a year counts new jobs plus the ones that open when people retire or move on — a truer picture of your odds than growth alone.

“Median” means half earn more and half earn less. Your city, employer, and years on the job move it a lot — that is what the 10th-to-90th range shows.

BLS estimates 54.5% of workers in this occupation are self-employed.

What it pays in your state

Statewide medians are a better starting point than the national number. Your city and experience still matter.

BLS state wage tables

How you get in

Typical starting education

High school / no degree

Training path: Broker license after working as agent.

Related work experience: Less than 5 years.

On-the-job training: None.

License or certification

Requires a state broker license, a step beyond the agent license that usually calls for experience and added coursework.

You can earn while you train. This field has a genuinely paid pathway in — an apprenticeship, a paid academy, or employer-funded training — so you draw a paycheck instead of taking on debt to learn it.

Check the path where you live

Licensing rules and available programs change by state. These federal tools take you to the current official listings.

What it takes

SalesNegotiationLocal market knowledgeContracts

The honest take

The licensed step above a real estate agent, allowing you to run your own brokerage and hire agents.

Standard Occupational Classification 41-9021. Pay and employment from the BLS May 2025 OEWS survey; outlook and openings from the 2024–34 employment projections; job context from the Occupational Outlook Handbook; tasks, interests, work styles, software examples, and job zone from O*NET 30.3. See something off? Tell us.