Becoming a Real Estate Broker via Online Education?
At the very least, online education can help you lay a foundation and/or open up alternate career paths.
New England College, one of the highest ranking online
schools,
is a US school (accredited) offering real estate courses to train individuals
to become top-notch
real estate agents,
real estate brokers,
real estate managers,
real estate analysts,
real estate appraisers,
home inspectors,
real estate inspectors,
real estate professionals, etc.
Currently, according to the US Bureau of Labor Statistics there are 48,380 people employed as
real estate brokers alone in America, and their average annual salary is
$78,360.
Real estate sales agents make on average $53,100
per year and there are about 151,550
of them employed today.
Colleges and universities like New England College that provide online education are successfully launching workers into
this
field.
Typical Work Locations for a Real Estate Broker
- around houses
- in different neighborhoods
- home office
- corporate office
- real estate office
- finance office
- leasing office
- administrative office
- traveling to various sites
- locations change often
Potential Advantages and Benefits of Working as a Real Estate Broker
- you are your own boss
- great potential to have a high salary
- you can receive work from various sources
- work with a variety of people
- get to work at your own pace
- get to help people move into their homes
- you make your own schedule
- you get to have a lot of different co-workers
- potential to have a large company
- endless possible work
Potential Drawbacks
- work nights and weekends
- subject to ups and downs or real estate market
- must pay own business expenses
- not every deal will work out but move on to the next
- no set salary
- lots of cranky stressed out clients
- lots of scamming lying people to deal with
- lots of evening and weekend appointments
- long hours are needed to be successful
- it can also be dangerous often in empty homes alone with a stranger
Related Professions to Consider
- Commercial Broker
- Sales Agent
- Industrial Broker
- Residential Broker
- Office Broker
- Farm Broker
- Land Broker
- Appraiser
- Property Manager
- Land Developer
Possible Interview Questions When Applying to be a Real Estate Broker
- How Long Have You Been in the Business?
- What is Your Average List-Price-to-Sales-Price Ratio?
- What is Your Best Marketing Plan or Strategy for My Needs?
- Will You Please Provide References?
- What Are the Top Three Things That Separate You From Your Competition?
- May I Review Documents Beforehand That I Will Be Asked to Sign?
- How Will You Help Me Find Other Professionals?
- How Much Do You Charge?
- What Kind of Guarantee Do You Offer?
- What Haven't I Asked You That I Need to Know?
Common Collaborating Professions
- Sub Broker
- Mortgage Broker
- Property Holder
- Real Estate Brokerage Professional
- Real Estate Agent
- Real Estate Client
- Potential Buyer
- Mortgage Insurance Planner
- Life Insurance Agent
- Loaned Agent
Real Estate Broker Training books
Real Estate Broker (More) Popular books
Potential Companies to Work For
Common College Majors
- English
- Political Science
- History
- Accounting
- Psychology
- Business
- Public Policy
- Nursing
- Engineering
- Finance
Real Estate Broker Salary Information
Category: Real estate brokers
| Total # Employed in the US |
48,380 |
| Average Hourly Wage: |
$37.68/hr |
| Hourly Wage Range |
| PERCENTILE |
| 10% | 25% | 50% | 75% | 90% |
| $12.09 |
$16.87 |
$26.8 |
$44.86 |
$0.0 |
|
| Average Yearly Salary |
$78,360 |
| Yearly Salary Range |
| PERCENTILE |
| 10% | 25% | 50% | 75% | 90% |
| $25,140 |
$35,090 |
$55,740 |
$93,300 |
$0 |
|
| Employment Demographics |
| % OF WORKERS WITH |
| < High School Diploma |
High School Diploma |
Some College |
Associate Degree |
Bachelor Degree |
Master Degree |
Doctoral Degree |
| 1.5% |
15.4% |
28.4% |
9.6% |
34.6% |
8.5% |
2.0% |
|
Real estate brokers — WAGES BY STATE, SORTED BY SALARY
| STATE | Average Hourly Wage | Average Annual Salary |
|---|
| Oklahoma |
$66.1/hr
|
$137,480
|
| Utah |
$60.64/hr
|
$126,120
|
| North Dakota |
$46.27/hr
|
$96,240
|
| Delaware |
$45.09/hr
|
$93,780
|
| Wyoming |
$42.85/hr
|
$89,120
|
| Guam |
$40.97/hr
|
$85,220
|
| Colorado |
$40.63/hr
|
$84,510
|
| New York |
$40.25/hr
|
$83,720
|
| Missouri |
$39.55/hr
|
$82,270
|
| South Carolina |
$39.31/hr
|
$81,760
|
| Idaho |
$38.8/hr
|
$80,700
|
| Nebraska |
$38.23/hr
|
$79,520
|
| Michigan |
$38.07/hr
|
$79,180
|
| Montana |
$36.87/hr
|
$76,680
|
| Mississippi |
$34.68/hr
|
$72,130
|
| Louisiana |
$33.83/hr
|
$70,370
|
| Hawaii |
$33.18/hr
|
$69,010
|
| Florida |
$32.51/hr
|
$67,630
|
| District of Columbia |
$32.01/hr
|
$66,590
|
| Ohio |
$30.27/hr
|
$62,970
|
| New Hampshire |
$29.62/hr
|
$61,610
|
| Tennessee |
$29.36/hr
|
$61,060
|
| Maine |
$29.36/hr
|
$61,060
|
| Wisconsin |
$28.4/hr
|
$59,080
|
| Kansas |
$28.3/hr
|
$58,860
|
| Arkansas |
$27.95/hr
|
$58,140
|
| New Mexico |
$27.44/hr
|
$57,080
|
| Connecticut |
$27.27/hr
|
$56,730
|
| Washington |
$26.85/hr
|
$55,850
|
| Kentucky |
$26.77/hr
|
$55,690
|
| North Carolina |
$26.09/hr
|
$54,270
|
| California |
$25.96/hr
|
$53,990
|
| Oregon |
$25.25/hr
|
$52,510
|
| New Jersey |
$23.99/hr
|
$49,900
|
| Alabama |
$23.82/hr
|
$49,540
|
| Nevada |
$23.74/hr
|
$49,380
|
| South Dakota |
$23.23/hr
|
$48,320
|
| Iowa |
$22.93/hr
|
$47,690
|
| Massachusetts |
$22.72/hr
|
$47,260
|
| Maryland |
$16.39/hr
|
$34,080
|
Category: Real estate sales agents
| Total # Employed in the US |
151,550 |
| Average Hourly Wage: |
$25.53/hr |
| Hourly Wage Range |
| PERCENTILE |
| 10% | 25% | 50% | 75% | 90% |
| $10.0 |
$13.16 |
$19.28 |
$30.53 |
$46.35 |
|
| Average Yearly Salary |
$53,100 |
| Yearly Salary Range |
| PERCENTILE |
| 10% | 25% | 50% | 75% | 90% |
| $20,800 |
$27,370 |
$40,100 |
$63,510 |
$96,410 |
|
| Employment Demographics |
| % OF WORKERS WITH |
| < High School Diploma |
High School Diploma |
Some College |
Associate Degree |
Bachelor Degree |
Master Degree |
Doctoral Degree |
| 1.5% |
15.4% |
28.4% |
9.6% |
34.6% |
8.5% |
2.0% |
|
Real estate sales agents — WAGES BY STATE, SORTED BY SALARY
| STATE | Average Hourly Wage | Average Annual Salary |
|---|
| Puerto Rico |
$41.13/hr
|
$85,550
|
| Florida |
$38.51/hr
|
$80,090
|
| Oklahoma |
$36.78/hr
|
$76,500
|
| Oregon |
$35.79/hr
|
$74,450
|
| Missouri |
$34.61/hr
|
$72,000
|
| New York |
$31.44/hr
|
$65,400
|
| Indiana |
$30.83/hr
|
$64,120
|
| Arkansas |
$30.66/hr
|
$63,780
|
| Alaska |
$30.06/hr
|
$62,520
|
| Colorado |
$28.98/hr
|
$60,270
|
| Connecticut |
$28.91/hr
|
$60,140
|
| Ohio |
$28.47/hr
|
$59,220
|
| District of Columbia |
$28.44/hr
|
$59,150
|
| Alabama |
$26.82/hr
|
$55,800
|
| Mississippi |
$26.12/hr
|
$54,340
|
| Delaware |
$25.69/hr
|
$53,440
|
| New Hampshire |
$24.98/hr
|
$51,960
|
| Wyoming |
$24.72/hr
|
$51,410
|
| Guam |
$24.11/hr
|
$50,150
|
| North Dakota |
$24.03/hr
|
$49,980
|
| Pennsylvania |
$24/hr
|
$49,930
|
| South Carolina |
$23.66/hr
|
$49,220
|
| South Dakota |
$23.56/hr
|
$48,990
|
| Virginia |
$23.43/hr
|
$48,740
|
| Utah |
$23.38/hr
|
$48,640
|
| New Jersey |
$23.27/hr
|
$48,410
|
| Kansas |
$22.88/hr
|
$47,600
|
| New Mexico |
$22.88/hr
|
$47,580
|
| Washington |
$22.51/hr
|
$46,820
|
| Montana |
$22.2/hr
|
$46,170
|
| Idaho |
$22.16/hr
|
$46,090
|
| Iowa |
$22.1/hr
|
$45,960
|
| West Virginia |
$21.88/hr
|
$45,520
|
| Kentucky |
$21.61/hr
|
$44,940
|
| Tennessee |
$20.89/hr
|
$43,460
|
| North Carolina |
$20.7/hr
|
$43,050
|
| Hawaii |
$20.68/hr
|
$43,020
|
| Maine |
$20.52/hr
|
$42,690
|
| Nebraska |
$20.48/hr
|
$42,590
|
| Louisiana |
$19.57/hr
|
$40,700
|
| Wisconsin |
$18.45/hr
|
$38,370
|
| California |
$18.23/hr
|
$37,910
|
| Massachusetts |
$17.46/hr
|
$36,320
|
| Michigan |
$16.51/hr
|
$34,330
|
| Nevada |
$15.77/hr
|
$32,800
|
| Maryland |
$14.78/hr
|
$30,750
|
