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Real Estate Brokers
Description
Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
Common Tasks
- Sell, for a fee, real estate owned by others.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
Required Education
High school diploma or equivalent
Wages
In 2016 the mean hourly wage in the Greater Sacramento area was $70.06 .
In 2016 the mean annual salary in the Greater Sacramento area was $145,745.85 .
Occupation Outlook
This occupation employed 370 people in the Greater Sacramento area during 2014.
By 2024, there is expected to be an increase of 35.1% in the number of jobs in the Greater Sacramento area for this occupation, bringing to total number to 500.
By 2024, in the Greater Sacramento area, the median hourly rate for this occupation is expected to be $61.00 with the median annual salary reaching $128,460.
