Real Estate Brokers

• Summary

• Details

Work Activities

• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Appraise property values, assessing income potential when relevant.
• Arrange for financing of property purchases.
• Arrange for title searches of properties being sold.
• Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
• Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of a property's area.
• Rent properties or manage rental properties.
• Give buyers virtual tours of properties in which they are interested, using computers.
• Sell, for a fee, real estate owned by others.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
• Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
• Give buyers virtual tours of properties in which they are interested, using computers.
• Supervise agents who handle real estate transactions.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Obtain agreements from property owners to place properties for sale with real estate firms.
• Manage or operate real estate offices, handling associated business details.
• Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of a property's area.
• Review property details to ensure that environmental regulations are met.
• Compare a property with similar properties that have recently sold to determine its competitive market price.

Skills

• Monitoring
  • Keeping track of how well people and/or groups are doing in order to make improvements.
• Management of Personnel Resources
  • Selecting and managing the best workers for a job.
• Coordination
  • Changing what is done based on other people's actions.
• Negotiation
  • Bringing people together to solve differences.
• Troubleshooting
  • Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
• Systems Analysis
  • Figuring out how a system should work and how changes in the future will affect it.
• Management of Financial Resources
  • Making spending decisions and keeping track of what is spent.
• Technology Design
  • Making equipment and technology useful for customers.
• Installation
  • Installing equipment, machines, wiring, or computer programs.
• Writing
  • Writing things for co-workers or customers.
• Speaking
  • Talking to others.
• Science
  • Using scientific rules and strategies to solve problems.
• Persuasion
  • Talking people into changing their minds or their behavior.
• Social Perceptiveness
  • Understanding people's reactions.
• Instructing
  • Teaching people how to do something.
• Service Orientation
  • Looking for ways to help people.
• Repairing
  • Repairing machines or systems using the right tools.
• Time Management
  • Managing your time and the time of other people.
• Critical Thinking
  • Thinking about the pros and cons of different ways to solve a problem.
• Complex Problem Solving
  • Noticing a problem and figuring out the best way to solve it.
• Operations Analysis
  • Figuring out what a product or service needs to be able to do.
• Active Listening
  • Listening to others, not interrupting, and asking good questions.
• Mathematics
  • Using math to solve problems.
• Reading Comprehension
  • Reading work-related information.
• Operations Monitoring
  • Watching gauges, dials, or display screens to make sure a machine is working.
• Active Learning
  • Figuring out how to use new ideas or things.
• Equipment Maintenance
  • Planning and doing the basic maintenance on equipment.
• Quality Control Analysis
  • Testing how well a product or service works.
• Judgment and Decision Making
  • Thinking about the pros and cons of different options and picking the best one.
• Systems Evaluation
  • Measuring how well a system is working and how to improve it.
• Learning Strategies
  • Using the best training or teaching strategies for learning new things.
• Programming
  • Writing computer programs.
• Operation and Control
  • Using equipment or systems.
• Management of Material Resources
  • Managing equipment and materials.
• Equipment Selection
  • Deciding what kind of tools and equipment are needed to do a job.

Abilities

• Originality
  • Creating new and original ideas.
• Oral Expression
  • Communicating by speaking.
• Memorization
  • Remembering words, numbers, pictures, or steps.
• Stamina
  • Exercising for a long time without getting out of breath.
• Manual Dexterity
  • Holding or moving items with your hands.
• Near Vision
  • Seeing details up close.
• Speed of Limb Movement
  • Quickly moving your arms and legs.
• Auditory Attention
  • Paying attention to one sound while there are other distracting sounds.
• Inductive Reasoning
  • Making general rules or coming up with answers from lots of detailed information.
• Oral Comprehension
  • Listening and understanding what people say.
• Dynamic Strength
  • Exercising for a long time without your muscles getting tired.
• Depth Perception
  • Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
• Spatial Orientation
  • Knowing where things are around you.
• Explosive Strength
  • Jumping, sprinting, or throwing something.
• Written Comprehension
  • Reading and understanding what is written.
• Information Ordering
  • Ordering or arranging things.
• Written Expression
  • Communicating by writing.
• Mathematical Reasoning
  • Choosing the right type of math to solve a problem.
• Category Flexibility
  • Grouping things in different ways.
• Deductive Reasoning
  • Using rules to solve problems.
• Speed of Closure
  • Quickly knowing what you are looking at.
• Finger Dexterity
  • Putting together small parts with your fingers.
• Hearing Sensitivity
  • Telling the difference between sounds.
• Arm-Hand Steadiness
  • Keeping your arm or hand steady.
• Speech Clarity
  • Speaking clearly.
• Glare Sensitivity
  • Seeing something even if there is a glare or very bright light.
• Time Sharing
  • Doing two or more things at the same time.
• Speech Recognition
  • Recognizing spoken words.
• Flexibility of Closure
  • Seeing hidden patterns.
• Visual Color Discrimination
  • Noticing the difference between colors, including shades and brightness.
• Response Orientation
  • Quickly deciding if you should move your hand, foot, or other body part.
• Night Vision
  • Seeing at night or under low light.
• Number Facility
  • Adding, subtracting, multiplying, or dividing.
• Fluency of Ideas
  • Coming up with lots of ideas.
• Gross Body Coordination
  • Moving your arms, legs, and mid-section together while your whole body is moving.
• Peripheral Vision
  • Seeing something to your side when your are looking ahead.
• Extent Flexibility
  • Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
• Problem Sensitivity
  • Noticing when problems happen.
• Visualization
  • Imagining how something will look after it is moved around or changed.
• Control Precision
  • Quickly changing the controls of a machine, car, truck or boat.
• Wrist-Finger Speed
  • Making fast, simple, repeated movements of your fingers, hands, and wrists.
• Far Vision
  • Seeing details that are far away.
• Rate Control
  • Changing when and how fast you move based on how something else is moving.
• Gross Body Equilibrium
  • Keeping your balance or staying upright.
• Reaction Time
  • Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
• Trunk Strength
  • Using your lower back and stomach.
• Perceptual Speed
  • Quickly comparing groups of letters, numbers, pictures, or other things.
• Selective Attention
  • Paying attention to something without being distracted.
• Multilimb Coordination
  • Using your arms and/or legs together while sitting, standing, or lying down.
• Static Strength
  • Lifting, pushing, pulling, or carrying.
• Dynamic Flexibility
  • Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
• Sound Localization
  • Noticing the direction that a sound came from.

Knowledge

• Production and Processing
  • Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
• 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.
• Public Safety and Security
  • Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
• Economics and Accounting
  • Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
• English Language
  • Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
• Biology
  • Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
• 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.
• Fine Arts
  • Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
• Transportation
  • Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
• Foreign Language
  • Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
• Mathematics
  • Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• Mechanical
  • Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
• Geography
  • Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
• History and Archeology
  • Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
• Physics
  • Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
• Therapy and Counseling
  • Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
• Administrative
  • Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
• Food Production
  • Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
• Chemistry
  • Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
• 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.
• 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.
• Engineering and Technology
  • Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
• Telecommunications
  • Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
• Sociology and Anthropology
  • Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
• Design
  • Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
• Psychology
  • Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
• Medicine and Dentistry
  • Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
• Philosophy and Theology
  • Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
• Computers and Electronics
  • Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
• Education and Training
  • Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
• Law and Government
  • Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
• Personnel and Human Resources
  • Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
• 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.

Education

Education

High school diploma or equivalent

Work Experience

Less than 5 years work experience

Training

No on-the-job training

Education and Training Opportunities

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Education and Training Opportunities

• North Seattle College
  9600 College Way North, Seattle WA 98103-3599
  School Type

  Public, 4-year or above

  Admissions
  School Size

  5,000 - 9,999

  Financial Aid 206-934-3600
  Other Degrees Offered

  Undergraduate degree or certificate offering,No graduate offering
  Website

  http://www.northseattle.edu/
  Program Name
  Real Estate
  Length
  2 years
  Award Level
  Associate's degree, Bachelor's degree, Certificates of at least 12 weeks but less than 1 year
  Save

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• University of Washington-Seattle Campus
  1400 NE Campus Parkway, Seattle WA 98195-4550
  School Type

  Public, 4-year or above

  Admissions
  School Size

  20,000 and above

  Financial Aid 206-543-2100
  Other Degrees Offered

  Undergraduate degree or certificate offering,Graduate degree or certificate offering
  Website

  https://www.washington.edu/
  Program Name
  Real Estate Development
  Length
  More than 4 years
  Award Level
  Master's degree
  Save

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Pay

Washington Annual Salary

81450/yr

Washington Hourly Wage

39.16/hr

Washington Employment Trends

Currently Employed

2,830

Yearly Projected Openings

190

Personality

Enterprising: People interested in this work like activities that include leading, making decisions, and business. They do well at jobs that need:

• Initiative
• Self-Confidence
• Leadership Orientation
• Perseverance
• Social Orientation
• Achievement Orientation

Tools

• Automobiles or cars
• Desktop computers
• Digital camcorders or video cameras
• Digital cameras
• Laser fax machine
• Laser printers
• Notebook computers
• Personal computers
• Personal digital assistant PDAs or organizers
• Photocopiers
• Pocket calculator
• Tape measures

Technology

• Accounting software
• Analytical or scientific software
• Customer relationship management CRM software
• Data base user interface and query software
• Electronic mail software
• Geographic information system
• Graphics or photo imaging software
• Internet browser software
• Office suite software
• Presentation software
• Spreadsheet software
• Web page creation and editing software
• Web platform development software
• Word processing software