How To Become A Broker Assistant: What It Is and Career Path

What is a broker assistant and how to become one

Updated January 8, 2025

4 min read

Broker assistants are agents between two parties in financial transactions involving securities such as assets and shares, commodities, property, insurance, and other investment. They also offer support to brokers. For instance, they may handle sales of stocks and orders for the businesses, retain and update hedge fund documents, and communicate transactions to the clients.

Meanwhile, broker assistants working for an insurance company can plan and manage the paperwork. They may also draw up quotes and notify customers of policy renewals. From time to time, broker assistants take care of invoicing and address any difficulties with the claims, including initiating policy cancelations. They also review the current regulations in order to ensure that they are right and legitimate and include the necessary dates and signatures.

While some employers require broker assistants to have an associate's degree or equivalent, it is common for companies to prefer a bachelor's degree in accounting, business, or economics. Candidates must be excellent in written and verbal communications since the role frequently interacts with customers. They must also be able to start and complete tasks with little to no supervision.

ScoreBroker AssistantUS Average

Salary

3.5

Avg. Salary $44,656

Avg. Salary $59,228

Stability Level

6.0

Growth Rate -8%

Growth Rate 0.3%

Diversity

3.1

Race

American Indian and Alaska Native 0.73%

Asian 3.83%

Black or African American 9.28%

Hispanic or Latino 16.25%

Unknown 3.87%

White 66.03%

Gender

female 69.06%

male 30.94%

Age - 52

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 52

Stress Level

6.0

Stress level is manageable

7.1 - high

Complexity Level

4.4

Complexity Level is basic

7 - challenging

Work Life Balance

7.6

Work Life balance is good

6.4 - fair

Key steps to become a broker assistant

Explore broker assistant education requirements

Most common broker assistant degrees

Bachelor's

57.7 %

Associate

18.6 %

High School Diploma

11.7 %

Start to develop specific broker assistant skills

Skills	Percentages
MLS	16.86%
Scheduling Appointments	7.29%
Open Houses	6.53%
Property Management	5.82%
Escrow	5.56%

Complete relevant broker assistant training and internships

Accountants spend an average of Less than 1 month on post-employment, on-the-job training. New broker assistants learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a broker assistant based on U.S. Bureau of Labor Statistics data and data from real broker assistant resumes.

Obtain the necessary licensing

Becoming a licensed broker assistant usually doesn't require a college degree. However, you need to pass an exam to become a licensed broker assistant in most of states. 46 states require broker assistants to have license for their work. You can see the list of states below.

State	Education	Exam	License Url
Alabama	-	State exam required	Licensed Real Estate Broker
Maryland	Degree required	State exam required	REAL ESTATE BROKER
Alaska	-	-	Real Estate Broker
Arkansas	Specific course required	State exam required	Real Estate Broker
California	Degree required	State exam required	Real Estate Broker License

Gain additional broker assistant certifications

Broker assistant certifications can show employers you have a baseline of knowledge expected for the position. Certifications can also make you a more competitive candidate. Even if employers don't require a specific broker assistant certification, having one may help you stand out relative to other applicants.

The most common certifications for broker assistants include Certified Nurse Assistant (CNA) and Medical Assistant.

More About Certifications

Research broker assistant duties and responsibilities

Manage, inspect, photograph, and create reports biweekly for U.S. department of HUD and Fannie Mae assign properties.
Work with REO negotiators within the office to ensure appropriate offers are accepted with the list price of list property.
Handle marketing of properties to include input into MLS system, creation of virtual tours, and frequent social media updates.
Collect and assemble information from MLS for research and computer investigations

Prepare your broker assistant resume

When your background is strong enough, you can start writing your broker assistant resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a broker assistant resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose From 10+ Customizable Broker Assistant Resume templates

Build a professional Broker Assistant resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Broker Assistant resume.

Apply for broker assistant jobs

Now it's time to start searching for a broker assistant job. Consider the tips below for a successful job search:

Browse job boards for relevant postings
Consult your professional network
Reach out to companies you're interested in working for directly
Watch out for job scams

How do broker assistants rate their job?

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Broker Assistant reviews

A zippia user wrote a review on Apr 2019

Cons

Nasty people calling in with a bad attitude. Favoritism is so blatantly obvious it's painful. The under tone of racism of higher management.