Thinking of Becoming a Real Estate Broker?
Real estate brokers can operate independently, own their own brokerage, and supervise agents. With approximately 111,300 licensed brokers earning an average salary of $86,490, upgrading from agent to broker unlocks higher earning potential and business ownership.
What Does a Real Estate Broker Do?
Real estate brokers can operate independently, own their own brokerage, and supervise sales agents. They have completed additional education and experience requirements beyond the agent license.
Run a Brokerage
- Own and operate your firm
- Set commission structures
- Manage trust accounts
- Build your brand
Supervise Agents
- Recruit and train agents
- Review transactions
- Ensure regulatory compliance
- Resolve disputes
Strategic Planning
- Analyze market opportunities
- Develop growth strategies
- Handle complex transactions
- Negotiate independently
Is Becoming a Broker Right for You?
You Might Thrive If You...
- Have strong leadership and management skills
- Are business-minded and want to build something of your own
- Want independence and higher income potential
- Are an experienced agent ready to advance your career
- Enjoy mentoring and developing talent
Things to Consider
- Requires 1-3 years of agent experience first
- Additional 60-360 hours of education
- More responsibility and legal liability
- Business overhead costs (office, staff, insurance)
- Responsible for agents' actions and compliance
How to Become a Real Estate Broker
Complete Agent Experience Requirement
Work as a licensed real estate agent for 1-3 years depending on your state.
Complete Broker Pre-Licensing Education
Take additional coursework (60-360 hours) covering brokerage management, law, and finance.
Pass the Broker Licensing Exam
Pass the more comprehensive broker exam covering both national and state-specific content (Typically 70-75% passing).
Submit Broker Application
Apply for your broker license with your state real estate commission, including all required fees and documentation.
Open or Join a Brokerage
Start your own firm as a principal broker or work as an associate broker under another brokerage.
Salary & Career Outlook
Brokers earn more than agents through higher commission splits, agent supervision income, and brokerage ownership. Income varies significantly based on brokerage size and market.
Ready to Take the Next Step?
Get detailed broker licensing requirements for your state or dive into our comprehensive guide.