Real Estate Broker duties and responsibilities
Real Estate Brokers manage many tasks that help clients with buying or selling their home. Some primary duties and responsibilities of a Real Estate Broker may include:
- Assisting clients with selling their home by assessing and establishing the listing price, advertising the property, and facilitating open houses for prospective buyers
- Listing the properties with the appropriate real estate boards to ensure maximum exposure
- Assisting clients with buying a home by accompanying them to open houses, scheduling house viewings, and making offers on suitable properties
- Drafting sales agreements between a home buyer and home seller
- Helping to find renters for clients with rental properties
- Advising clients on home updates or renovations to help them maximize the sales price
- Advertising brokerage and homes on social media
- Writing enticing home summaries for real estate listing sites
Real Estate Broker skills and qualifications
A Real Estate Broker will have various prerequisite skills and qualifications to be successful. Some of these may include:
- Ability to work in a fast-paced environment
- Results-oriented work ethic and ability to undertake tasks needed to accomplish the sale of a home
- Proven written and oral communication skills
- Excellent interpersonal skills and ability to build relationships easily
- Ability to multi-task and troubleshoot with creative thinking
- Excellent time management and punctuality
- Excellent negotiation and adjudicating skills
- Strong knowledge of the real estate and housing market
Real Estate Broker experience requirements
When looking through resumes for a Real Estate Broker, look for someone with at least five to seven years of experience in real estate. A good Real Estate Broker candidate will know how to manage multiple clients and close real estate deals. Candidates should have experience both selling and buying homes for clients. They should also have experience advising clients on worthwhile renovations and how to stage their home.
Real Estate Broker training and education
A Real Estate Broker candidate will need to have at least a high school diploma. Real Estate Brokers also need to have a Real Estate licence to practice in any province or territory in Canada. A good Real Estate Broker candidate should also have a membership at the major real estate board in their region, such as the Real Estate Council of Ontario. Some cities may require a Real Estate Broker to be registered with their real estate board, like the Toronto Real Estate Board (TREB), as well as their provincial/territorial membership.
Real Estate Broker salary expectations
According to Indeed Salaries, the average salary for a Real Estate Broker in Canada is $61,870 per year. The salary varies depending on experience, location, and the hiring company.
Job descriptions for similar roles
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