Occupation information for Real Estate Brokers District Of Columbia

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Typical education needed for entry: High school diploma or equivalent

Typical work experience needed for a job in this occupation: Less than 5 years work experience

Typical on-the-job training once you have a job in this occupation: No on-the-job training

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• Sell, for a fee, real estate owned by others.
• Obtain agreements from property owners to place properties for sale with real estate firms.
• Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
• Supervise agents who handle real estate transactions.
• Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
• Manage or operate real estate offices, handling associated business details.
• Compare a property with similar properties that have recently sold to determine its competitive market price.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.

Tools:

• Automobiles or cars
• Desktop computers
• Digital camcorders or video cameras
• Digital cameras
• Laser fax machine

Technology:

• Accounting software
• Analytical or scientific software
• Customer relationship management CRM software
• Data base user interface and query software
• Internet browser software

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