Real Estate Agents and Brokers

Real Estate Agent Greets Couple

Real estate brokers are licensed to manage their own real estate businesses and sell, rent, or manage the property of others. Real estate agents are salespeople who are either self-employed or hired by brokers. Sometimes, the term agent is applied to both real estate brokers and agents. There are approximately 421,000 real estate agents and real estate brokers employed in the United States. They may also be called real estate buyer’s agents and brokers. 

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Quick Facts
Alternate Title(s) Real Estate Buyer’s Agents and Brokers
Duties Represent buyers during real estate transactions (real estate agent); sell, rent, or manage the property of others (real estate broker)
Salary Range Below $25,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities exist in all regions
Minimum Education Level
  • High School Diploma
School Subjects
  • Business
  • English
  • Mathematics
Experience One to three years' experience as a licensed sales agent to be eligible for licensing as a broker
Personality Traits
  • Enterprising
  • Organized
  • Outgoing
  • Business Management
  • Interpersonal
  • Sales
Certification or Licensing Required
Special Requirements Must be at least 18 years old
Employment Prospects Good
Advancement Prospects Good
Outlook Little Change or More Slowly than the Average
Career Ladder
  • Real Estate Business Owner or Sales Manager
  • Real Estate Broker
  • Real Estate Agent
  • Real Estate Agent Trainee

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