Real Estate Broker Job Description

The Real Estate Broker operates a real estate office, or works for commercial real estate firms.

The Primary Objectives of a Real Estate Broker:

  • The Real Estate Broker primary objective is to oversee real estate transactions.
  • The Real Estate Broker primary objective is that of selling real estate or renting properties.
  • The Real Estate Broker primary objective is arranging loans for prospective buyers.

The Real Estate Broker usually will sell, for a fee, real estate owned by others. The Real Estate Broker must obtain agreements from property owners to place properties for sale with real estate firms. The Real Estate Broker monitors fulfillment of purchase contract terms to ensure that they are handled in a timely manner. The Real Estate Broker compares a property with similar properties that have recently sold, in order determine its competitive market price for the seller. The Real Estate Broker often acts as an intermediary in negotiations between buyers and sellers over property prices and settlement details, and during the closing of sales.

The Real Estate Broker generates lists of properties for sale, their locations and descriptions, and available financing options, using computers. The Real Estate Broker maintains knowledge of real estate law, local economies, fair housing laws, and types of available mortgages, financing options and government programs. The Real Estate Broker checks work completed by loan officers, attorneys, and other professionals to ensure that it is performed properly. The Real Estate Broker gets appraises on property values or they may need to assess income potential. The Real Estate Broker maintains awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located. The Real Estate Broker manages and operates real estate offices, handling associated business details.

The Real Estate Broker supervises agents who handle real estate transactions. The Real Estate Broker arranges for title searches of properties being sold. The Real Estate Broker also helps rent out properties especially for large business’s who own and operate apartment complex. The Real Estate Broker gives buyers virtual tours of properties in which they are interested, using computers. The Real Estate Broker reviews property details to ensure that environmental regulations are met. The Real Estate Broker develops, sells, or leases property used for industry or manufacturing. The Real Estate Broker maintains working knowledge of various factors that determine a farm’s capacity to produce, including agricultural variables and proximity to market centers and transportation facilities.

The Real Estate Broker knowledge requirements
  • The Real Estate Broker must have 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.
  • The Real Estate Broker must have 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.
  • The Real Estate Broker must have knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • The Real Estate Broker must have knowledge of business and management principles involved in strategic planning, resource allocations, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • The Real Estate Broker must have knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
  • The Real Estate Broker must have knowledge of arithmetic, algebra, geometry, calculus, statistics, and other applications.
  • The Real Estate Broker must have knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • The Real Estate Broker must have knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • The Real Estate Broker must have knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • The Real Estate Broker must have 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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