Real Estate Broker

Invest in your future with a degree in real estate brokerage.

About

A real estate broker is a professional who helps individuals or businesses in buying, selling or renting properties. Brokers act as intermediaries between buyers as well as sellers. Additionally, they are licensed by the state in which they operate. They have a deep understanding of the local real estate market including current market conditions, property values, zoning laws as well as financing options. Furthermore, they use this knowledge to help clients make informed decisions about buying or selling real estate.

Brokers can help sellers in the marketing of their properties by creating listings, arranging property viewings and negotiating deals with potential buyers. They can also aid buyers into finding properties that meet their needs as well as budget, arrange property viewings and negotiate deals with sellers. Moreover, they can also earn a commission for their services, typically a percentage of the sale price of the property. The commission is usually a split between the buyer's broker and the seller's broker.

Eligibility

For Bachelor’s

  • The aspirants must pass their 10+2 board examinations by scoring at least 55% marks from any authorised education board. 
  • Moreover, the seekers can enrol in a Bachelor’s degree such as BBA in Real Estate and Urban Infrastructure or Bachelor of Business Administration from a recognised university or college.  

 For Masters

  • The candidates should pursue MBA in Real Estate Management in order to attain the knowledge as well as management techniques in order to handle the real estate conditions from buyer’s and seller’s end. 

Job Roles

Real estate brokers perform a variety of job roles including:

  • Real Estate Consultant
  • Real Estate Sales Manager
  • Real Estate Agent
  • Loan Underwriter
  • Commercial Broker
  • Mortgage Specialist 

Top Recruiters

Real estate brokers can work for a variety of employers including real estate brokerages, property management companies as well as real estate development firms. Here are some of the top recruiters of real estate brokers:

  • CBRE Group, Inc.
  • Jones Lang LaSalle (JLL)
  • Cushman & Wakefield
  • Colliers International
  • Knight Frank
  • Savills
  • Sotheby's International Realty
  • Century 21 Real Estate
  • Coldwell Banker Real Estate
  • Re/Max Real Estate

Salary

The salary of real estate brokers can vary widely depending on a number of factors including their level of experience, location, type of employer, the size and complexity of their real estate transactions.

 

Level of Salary

Salary Package per Year

Starting Salary

Approx Rs 3,00,000

Mid Level Salary

Approx Rs 5,00,000 

Senior Level Salary

Approx Rs 9,00,000 

Skills

  • Knowledge of the real estate market
  • Marketing and advertising
  • Negotiation skills
  • Communication skills
  • Legal and financial knowledge
  • Organisation and time management
  • Customer service

Scope

The career scope for real estate brokers can be quite promising as there is a consistent demand for real estate services in many parts of the world. Here are some potential career paths for real estate brokers:

  • Brokerage
  • Property management
  • Real estate development
  • Investment
  • Commercial real estate
  • Consulting

Overall, the career scope for real estate brokers can be quite diverse offering numerous opportunities for growth and specialisation. However, like many careeRs success in real estate brokerage often requires a combination of hard work, experience as well as skill development.

Benefits

  • Expertise
  • Access to information
  • Marketing and advertising
  • Negotiation skills
  • Time-saving
  • Professional network
  • Legal and financial knowledge
  • Access to off-market properties
  • Support and guidance

Drawbacks

  • Cost
  • Conflicts of interest
  • Limited control
  • Limited availability
  • Quality of service
  • Limited knowledge
  • Limited access to properties