Mid-Level

Licensed Real Estate Broker

The brokerage leader โ€” managing a real estate office and overseeing agent transactions.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
E
C
S
R
I
A
Enterprisingleading, persuading
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Job markets for Licensed Real Estate Brokers
Employment concentration ยท ~55 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 Licensed Real Estate Broker

As a Licensed Real Estate Broker, you hold a higher license that allows you to operate independently, supervise other agents, and run a brokerage. While agents work under brokers, you have direct responsibility for the transactions completed under your license and potentially for recruiting and developing other agents.

Your day might include reviewing contracts for compliance, mentoring agents on difficult transactions, managing office operations, recruiting new agents, handling your own deals if you're still producing, and dealing with problems that escalate beyond agent capability.

If you want to move from individual production to building an organization, the broker's license enables that path. The challenge is the responsibility โ€” problems from any agent under your license become your problems. The people who thrive here enjoy developing others and building businesses, not just doing deals themselves.

IndependenceAbove avg
AchievementModerate
RelationshipsModerate
Working ConditionsModerate
RecognitionModerate
SupportLower
O*NET Work Values survey
StrategyExecution
StructuredAdaptable
ManagingContributing
CollaborativeIndependent
Office sizeProducing vs managingFranchise vs independentMarket typeAgent support model
Broker roles vary from small boutiques where the broker is the primary producer to large operations focused entirely on agent development. Franchise brokers have brand support but fees and requirements. Independent brokers have full control but less infrastructure. Managing versus producing focus significantly affects daily work.
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 Licensed Real Estate Brokers (SOC 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 Licensed Real Estate Broker career path? Truest helps you figure out if it's the right fit โ€” and plan your path forward.
Explore career tools
1
Recruiting
Attracting and retaining good agents is foundational to brokerage success
2
Business management
Running a brokerage is running a business with all associated challenges
3
Training and coaching
Developing agents increases their production and retention
Is this a producing broker role or primarily management?
How many agents would I be supervising?
What support staff and systems are in place?
What are the expectations for recruiting and agent development?
How is broker compensation structured?
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.

$37Kโ€“$167K
Salary Range
10th โ€“ 90th percentile
50K
U.S. Employment
+3.3%
10yr Growth
10K
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

SpeakingReading ComprehensionActive ListeningCritical ThinkingNegotiationActive LearningPersuasionWritingJudgment and Decision MakingSocial Perceptiveness
O*NET OnLine ยท Bureau of Labor Statistics
41-9021.00

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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.