Mid-Level

Broker

The deal intermediary โ€” connecting buyers and sellers while negotiating terms and facilitating transactions.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
E
C
S
A
I
R
Enterprisingleading, persuading
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Job markets for Brokers
Employment concentration ยท ~400 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a Broker

As a Broker, you're an intermediary who connects parties in transactions. The specific nature varies widely โ€” you might broker real estate, insurance, business sales, commodities, or other assets. The common thread is facilitating deals between buyers and sellers while earning commission for successful transactions.

Your day involves prospecting for business, building relationships with potential buyers and sellers, matching parties, negotiating terms, and guiding transactions to close. You need deep market knowledge in your area, the ability to build trust with multiple parties, and the persistence to see deals through inevitable complications.

The challenge is the commission-based nature and deal uncertainty. You invest significant time in relationships and deals that may not close. Income is lumpy โ€” one good month might fund three slow ones. The successful brokers build systems for consistent deal flow while developing expertise that attracts both buyers and sellers.

RelationshipsAbove avg
IndependenceAbove avg
AchievementModerate
Working ConditionsModerate
RecognitionModerate
SupportModerate
O*NET Work Values survey
StrategyExecution
StructuredAdaptable
ManagingContributing
CollaborativeIndependent
Asset typeMarket focusLicensing requirementsTransaction sizeSpecialization
Brokerage varies enormously by asset type. Real estate brokers need different skills than insurance brokers or business brokers. Residential versus commercial, small versus large transactions, specialized niches versus general practice โ€” all create different business models. Licensing requirements vary by brokerage type and jurisdiction.
โœฆ Editorial โ€” written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape โ€” and where it can take you.

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Brokers (SOC 41-3011.00, 41-3031.00, 41-9021.00), not just this title ยท BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Exploring the Broker career path? Truest helps you figure out if it's the right fit โ€” and plan your path forward.
Explore career tools
1
Market expertise
Deep knowledge in your area attracts clients
2
Negotiation
Getting deals done at terms both parties accept
3
Business development
Consistently generating new opportunities
What market or asset type is the primary focus?
What licensing is required?
How are deals and commissions typically structured?
What support or resources are provided?
What does a typical successful broker's deal flow look like?
โœฆ Editorial โ€” career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape โ€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

$33Kโ€“$215K
Salary Range
10th โ€“ 90th percentile
619K
U.S. Employment
+0.07%
10yr Growth
57K
Annual Openings

How this category is changing

$64K$61K$58K$55K$52K201920202021202220232024$52K$64K
BLS OEWS May 2024 ยท BLS Employment Projections 2024โ€“2034

Skills & Requirements

SpeakingPersuasionSpeakingCritical ThinkingActive ListeningService OrientationReading ComprehensionSocial PerceptivenessNegotiationCritical Thinking
O*NET OnLine ยท Bureau of Labor Statistics
41-3011.0041-3031.0041-9021.00

Navigate your career with clarity

Truest gives you tools to understand your strengths, explore roles that fit, and plan your next move.

Explore Truest career tools
Federal data: BLS Occupational Employment & Wage Statistics (May 2024) ยท BLS Employment Projections ยท O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.