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What is a Real Estate Broker?

By
Real Estate Agent with Next Home Team NC 167273

Have you ever had anyone ask... "What is it you actually DO as a real estate broker?"  Can't you just see the endless list that starts going through your head only to respond with "It's different everyday."  Broker/Owners and trainers how often do you have new or prospective agents come in the first day and look around thinking"so, what is it that I do?"

There are some really wonderful statistics and information about the occupation of Real Estate Broker posted on the U.S. Department of Labor Website (Bureau of Labor Statistics).  They have done an excellent job of putting a definition into what a real estate broker does.

They start out by letting the reader know that real estate brokers often work on the evening and weekends and that their income is sensitive to the economic shifts.  It also warns that although there is a low entry level there is a lot of competition from experience agents.

This seems to be a great resource for those that have people in other fields considering a career in real estate.

For details check this out... http://www.bls.gov/oco/ocos120.htm

Mark Watterson
Salt Lake City, UT
Utah Real Estate

I find it interesting to read the perspectives of others about the real estate industry.  I did try to check out the link and it was inactive.  Not sure why????

Jan 04, 2009 12:03 AM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Sometimes it is easier to let folks know what we don't do...that we do not have crystal balls, that we do not make the market values...buyers/sellers and the market does..we just reflect it in our cmas. Good point to ponder. Link did not work.

Jan 04, 2009 12:07 AM
Sheri Spain
Next Home Team - Raleigh, NC
Wake Co. NC REALTOR Apex to Raleigh to Wake Forest

I have the address retyped the same and now the link doesnt work, but if you copy and paste it it does go to the site.  Sorry about that!

Jan 04, 2009 12:17 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Sheri, I went to the Bureau of Labor Statistics and did't realize the information available about Real Estate Brokers. Thanks for the info.

[The link doesn't work but if you type in the URL (http://www.bls.gov/oco/ocos120.htm), it will get you there]

Jan 04, 2009 12:20 AM
Marjorie Taylor
Florida Homes Realty and Mortgage - Saint Augustine, FL
New Homes in St. Augustine Florida

I thought it was interesting that they projected that job growth will be somewhat limited by the increasing use of technology, which is improving the productivity of agents and brokers.  Technology Baby, that is why we are here on AR right?  Thanks for sharing the link and info.

Jan 04, 2009 12:31 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks Sheri, good information.  I didn't realize this site was there.

Jan 04, 2009 12:31 AM
Anne Hensel
South Beaches Real Estate Professionals - Saint Petersburg, FL
Realtor - Broker - St. Pete Beach, Treasure Island

Thanks for the info, a lot of people think being a broker is only having another title

Jan 04, 2009 12:34 AM
Vanessa V. Simmons
Real Living HER - Columbus, OH
Realtor

Thanks for the information and the link.  I do agree about the limited job growth if we as agents do not continue to redefine our value.

Feb 10, 2009 11:21 PM
Rob Johnstone
ReMax - Calgary, AB
A Reputation Built on Trust

I think a good answer to your question "What do you do" is, "What don't I do". My philosophy is that it is the things that you do when you don't have to, that make all the difference.

 

Rob Johnstone
Calgary Real Estate Agent

Nov 05, 2009 05:23 AM