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Last Updated On 20 Aug, 2020
A Real Estate Broker is a person who helps the sellers and home buyers navigate through the process of purchasing, selling and searching for real estate. He also works on arranging and negotiating real estate deals. A Real Estate Broker has some daily duties comprising overseeing transactions for purchasing and selling activities of real estate, writing contracts and browsing new properties. The level of Real Estate Broker is higher than the real estate agents and he can hire a team of real estate professionals to work under his supervision.
A Real Estate Broker can work as either the seller or buyer in the transaction. Seller’s Broker helps the clients to find out a qualified buyer as per the demand of client while the Buyer’s Broker helps the clients to search for a property as per requirements and budget of the client.
Check some major responsibilities of a Real Estate Broker provided below.
Advertising properties through marketing techniques
Presenting purchase offers to the sellers
Resolving the doubts of the purchaser for a property
Generating and maintaining a list of properties for sale
Comparing properties to determine the market price of the property
Preparing documents such as purchase agreements, loyalty contracts and deeds
To become a Real Estate Broker, candidates will have to fulfil some eligibility requirements decided by the company. The eligibility criteria to become a Real Estate Broker is provided below.
Education Required |
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Work Experience | Work experience of 1-2 years is required |
Certification | Candidates working independently should have a valid license to practice the profession of real estate broker |
Skills | Some of the skills required for a Real Estate Broker are listed below.
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You can check the table provided below to know all the courses required to become a Real Estate Broker. You can go through the table to know the average fee and top colleges offering courses in real estate. If you are interested in admission to any of these courses then you can fill our Common Application Form.
Course | Total Fee (Approx) | Top Colleges for Real Estate Management |
Rs. 27,000 to Rs. 8.00 lakh | ||
Rs. 35,000 to Rs. 3.00 lakh | ||
Rs. 50,000 to Rs. 7.60 lakh | ||
Rs.15,000 to Rs. 25.00 lakh |
It is not difficult to become a Real Estate Broker. Any candidate who is interested in managing real estate activities and has a good knowledge of business principles may opt for a career as a Real Estate Broker. He can work either as a Seller’s Broker or Buyer’s Broker depending on the need. Apart from this, he can also apply for a job at any real estate company. There are many profiles available for Real Estate Brokers. Some of them are provided below.
Real Estate Sales Manager
Real Estate Agent
Loan Underwriter
Commercial Broker
Mortgage Specialist
If you want to know more about Real Estate Brokers then you can ask questions at Collegedekho QnA zone.
Real Estate Broker may either start his own business or apply for a job at any construction or real estate company. There are some Real Estate Brokers that have franchise agreements with regional or national real estate companies. Under this agreement, the broker shall pay a fee to be affiliated with a well recognized real estate company. More than 50% of Real Estate Brokers work independently. You can check more about the employment opportunities available for Real Estate Brokers from the graph provided below.
Some of the major recruiting companies for Real Estate Broker are listed below.
DLF Ltd
Phoenix Mills Ltd
Indiabulls Real Estate Ltd
Brigade Enterprises Ltd
Prestige Estates Projects Ltd
NBCC India Ltd
Oberoi Realty Ltd
Godrej Properties Ltd
The average salary of a Real Estate Broker is not fixed. It will depend on his experience and skills.
Candidates who have work experience of 1-2 years can earn up to 4 lakh per annum
Profile | Starting Salary per annum (in INR) | Mid Level Salary per annum (in INR) | Senior Level Salary per annum (INR) |
Real Estate Broker | 3,00,000 | 5,09,000 | 9,50,000 |
Provided below are some recommended books for Real Estate Brokers
The Millionaire Real Estate Investor by Gary Keller, Dave Jenks, Jay Papasan
How To Win Friends And Influence People by Dale Carnegie
Mastering the Art of Selling Real Estate by Tom Hopkins
The Book on Investing In Real Estate by Brandon Turner
Real Book of Real Estate by Robert T Kiyosaki
Since the salary of a Real Estate Broker is not fixed there is an unlimited scope of growth
You do not have to follow 9 to 6 working schedule
You will help people to accomplish their dreams and goals
This profile does not require any higher education
You should have a good of market value of the real estate
You may face difficulties in the initial stages of your career
You need a license to practice the profession of real estate broker
Good communication skills and problem-solving skills are required for this profession
Take our test and find out if it suits your strengths.
There are many books available for a Real Estate Broker. Some of them are How To Win Friends And Influence People by Dale Carnegie and Mastering the Art of Selling Real Estate by Tom Hopkins.
Some of the courses to become a Real Estate Broker are BBA in Real Estate and Urban Infrastructure, MBA in Real Estate Management and Bachelor of Business Administration.
Career as a Real Estate Broker does not require any higher degree. You can start your career as a Real Estate Agent and then you can advance to higher positions.
Some of the major recruiters for Real Estate Broker are Phoenix Mills Ltd, Indiabulls Real Estate Ltd, Brigade Enterprises Ltd and Prestige Estates Projects Ltd.
Real Estate Broker who has a work experience of 1-2 years can earn up to 4 lakh per annum.
No, if you are starting your own business then you do not require a degree. However, if you are applying for a job at a real estate company then you should have completed a bachelor's degree in real estate.
Some of the other job profiles available for a Real Estate Broker are Real Estate Sales Manager, Real Estate Agent and Loan Underwriter.
You should have good communication skills, analytical skills and problem-solving skills to become a Real Estate Broker.
You should have a license for a career as a Real Estate Broker. Besides this, some of the companies also ask for a bachelor's degree in real estate for this profession.
Real Estate Broker is a person who represents buyers or sellers of real estate. Besides this, he also manages other operations such as preparing agreements, finding customers as per the demand of sellers and training real estate agents.
