Broker Career Overview
The primary responsibility of a real estate broker is helping clients buy, sell and rent real property. A real estate broker is a step above real estate agents in that they can own their own businesses, might supervise other agents, and often maintain more extensive knowledge of the local property markets and laws. The role of a real estate broker can be assumed relatively easily through online educational resources and licensing means as discussed in the following.
|Required Skills||Negotiation skills, communication, knowledge of the property market|
|Job Growth*||7% for 2018-2028|
|Median Salary (2019)*||$58,210 per year|
Source: *U.S Bureau of Labor Statistics
Steps To Become A Broker Online
The majority of steps involved in building a career as a real estate broker may be achieved online. From researching state property laws and licensing measures, to taking extensive courses on real estate management, to expanding valuable networks, you can make progress through online platforms.
Step 1: Gain Information About State Requirements
To become a real estate broker, an individual needs to familiarize themselves with the requirements of their given state. Some states may require aspirants to take college-level real estate courses, whereas some states would mandate state-accredited prelicensing courses in addition to training programs. Real estate associations of states normally have official websites providing extensive information on their educational, academic and licensing requirements, so you can complete this step online.
Step 2: Pursue Training Courses and Testing for Licensing
Whether it is a general bachelors' degree for business or prelicensing courses mandated by the state, a potential broker would take multiple courses to gain information about their state's real estate profile. There are abundant courses available online, most of which should be listed on your state's real estate association website. You would only be able to gain a state license for real estate sales after you have passed your state-approved exam, which will be an in-person exam proctored by association officials. Review materials and practice tests are available online, however.
Step 3: Gain Experience as a Sales Agent
Most states require one to three years of professional experience as a real estate sales agent, so upon the completion of necessary courses or degrees, you can use online networking platforms to find firms and then customers. Through gaining experience in this industry, you will be able to narrow your focus to a particular aspect of real estate. Although networking and researching can be facilitated by online resources, the gist of this step will take place by means of field experience provided by practical work in real estate.
Step 4: Obtain your Brokers' License
Once you have familiarized yourself with the real estate structure of your state, have gone through the training and licensing requirements of being a sales agent and gained valuable experience as a real estate sales agent, then you can take the formal prelicensing courses needed for becoming a real estate broker. All states mandate a formal, in-person examination held by the state's real estate regulatory board, but study guides and practice materials can be found online. Licenses may be obtained upon the successful completion of this examination and a designated fee paid to the state. Detailed instructions will be available at your state's real estate regulatory website.