Career Summary

One of the most complex and significant financial events in peoples’ lives is the purchase of a home or investment property. Because of the complexity, people typically seek the help of real estate broker. Real estate brokers have a thorough knowledge of the real estate market in their communities. They know which neighborhoods and or locations will best fit the needs of their clients and will locate the best possible property for their client’s budgets. They are familiar with local zoning and tax laws and know where to obtain financing.

Most brokers are independent businesspeople who sell or manage real estate owned by others for a fee. When selling real estate, brokers arrange for title searches and for meetings between buyers and sellers during which the details of the transactions are agreed upon and the new owners take possession of the property. A broker may help to arrange favorable financing from a lender for the prospective buyer.

They spend a significant amount of time obtaining client listings to show perspective buyers. A small number of brokers are employed in large or specialized firms selling commercial, industrial or other types of real estate. Every specialty requires knowledge of that particular type of property and clientele.