Real Estate Agents and Brokers

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 197,000 real estate agents and real estate brokers employed in the United States. They may also be called real estate buyer’s agents and brokers. 

Next Section: History

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
Skills
  • Business Management
  • Interpersonal
  • Sales
Certification or Licensing Required
Special Requirements Most states require agents to be at least 18 years old
Employment Prospects Good
Advancement Prospects Good
Outlook About as Fast as the Average
Career Ladder
  • Real Estate Business Owner or Sales Manager
  • Real Estate Broker
  • Real Estate Agent
  • Real Estate Agent Trainee

Related Industries

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers

SALARY FINDER

SALARY FINDER

Health Service Administrator

  • $0
  • 25
  • 50
  • 75
  • 100
  • 100+
Yearly Salary Range (US$ Thousands)