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what are real estate brokers

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Real Estate Broker (Occupation)
A real estate broker or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients.
Median pay (annual): 51,220 USD (2020), 45,610 USD (2015)
Median pay (hourly): 21.93 USD (2015)
Entry level education: High school diploma or equivalent
Projected 10-year growth: 3% (2014)
Number of jobs: 421,300 (2014)
Similar professions: Loan Officer

People also ask:

What does a broker do?
A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
Are real estate brokers Rich?
Real estate agents who specialize in luxury real estate often deal with ultra-high-net-worth individuals (UHNWIs). These are people who have assets of $30 million or more. They're among the world's wealthiest individuals—a group that's fairly small, but one that continues to grow.
Are real estate agents and brokers the same thing?
Real estate agents have a professional license to help people buy, sell, and rent real estate. They must work for a sponsoring broker or brokerage firm. Brokers are real estate agents who have completed additional training and licensing requirements.