Real Estate Brokers Go Back to List 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.

Technology used in this occupation:
	Graphics or photo imaging software

Tasks
	Sell, for a fee, real estate owned by others.
	Obtain agreements from property owners to place properties for sale with real estate firms.
	Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
	Compare a property with similar properties that have recently sold to determine its competitive market price.
	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.
	Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
	Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
	Arrange for financing of property purchases.
	Appraise property values, assessing income potential when relevant.

Skills
	Speaking - Talking to others to convey information effectively.
	Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
	Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
	Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
	Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
	Negotiation - Bringing others together and trying to reconcile differences.
	Persuasion - Persuading others to change their minds or behavior.
	Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
	Writing - Communicating effectively in writing as appropriate for the needs of the audience.
	Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Knowledge
	Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
	Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
	English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
	Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
	Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
	Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
	Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
	Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
	Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
	Building and Construction - Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.

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Education & Training   Education:   Most of these occupations require a four-year bachelor's degree, but some do not.   Related Experience:   A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

View Related Programs on Connecticut's Education & Training ConneCTion site.

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Wage Information
	Region Average Entry Level  Mid-Range  Annual  Hourly  Statewide $89,343.00 $42.96  $27.85  $29.01 - $58.01  Bridgeport/Stamford $80,798.00 $38.84  $29.21  $29.75 - $47.06

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	Some of the occupational information on this page is formulated from O*NETTM v17.0 data. O*NETTM is a trademark of the U.S. Department of Labor, Employment and Training Administration.