Real Estate BrokerSample Job Descriptions, Salaries, and Interview Questions

A real estate broker is a licensed real estate agent who has passed the broker licensing exam; becoming legally eligible to hire and supervise other agents. Real estate brokers have to be okay working in a fast-paced environment that can be stressful and overwhelming. As the market increases, many brokers are becoming even busier than normal. 

Brokers need to keep up their licensing with the National Association of Realtors, and they’re obligated to operate under a strong code of ethics that if broken can result in termination of their license. Though brokers are similar to agents, they have often received additional training and hire agents to work beneath them. They are usually the top agents in a firm, and they handle writing contracts, showing important and expensive properties, and handling all closings. If you’re an experienced agent looking to level up, becoming a broker may be right for you.

Sample job description

Average salary and compensation

The average salary for a real estate broker is $60,300 per year in the United States, with unlimited commission potential. Total compensation will vary based on geography, property values, mortgage rates, and housing market conditions.

LocationSalary LowSalary High
Phoenix, Arizona$59,950$81,150
Los Angeles, California$67,650$91,550
Denver, Colorado$56,400$76,250
Washington, DC$68,700$92,900
Miami, Florida$56,100$75,950
Orlando, Florida$51,750$70,050
Tampa, Florida$52,300$70,750
Atlanta, Georgia$54,850$74,200
Chicago, Illinois$63,050$85,300
Boston, Massachusetts$68,150$92,250
Minneapolis-St.Paul, Minnesota$54,330$73,500
New York City, New York$71,750$97,100
Philadelphia, Pennsylvania$48,450$79,050
Dallas, Texas$56,900$76,950
Houston, Texas$56,650$76,600
Seattle, Washington$65,600$88,750
National Average$51,250$69,350

Sample interview questions

  • What do you enjoy about being in real estate?
  • What skills do you think are important in this industry?
  • How would you describe yourself?
  • How many years of experience do you have in a brokerage firm?
  • Have you hired real estate agents underneath you?
  • What do you find is most important when managing other real estate agents?
  • Why should we hire you?
  • What skills would you say you master?
  • Do you utilize social media to sell homes?
  • Are you experienced in listing properties on MLS and other platforms?
  • How many homes would you say you sell a year?

Real Estate Broker Jobs in Ashburn

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