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What is a broker and how to become one
A broker is a finance professional who manages business transactions. As a broker, you carry out investments such as insurance or real estate deals, liaising between banks and clients. Essentially, your job is to build relationships with customers and negotiate arrangements.
Being a broker is a kind of sales position often considered as a stepping stone toward a supervisor sales role. Brokers work for different industries and are expected to be knowledgeable about the products and services of the company they work for, in order to provide top-notch customer services.
Actually, customer service is the biggest part of the job. Brokers continuously work on relationships with clients, assessing their needs and offering solutions to their problems. The ultimate task, however, is to close deals by aligning the interests of buyers and sellers.
Avg. Salary $124,861
Avg. Salary $59,228
Growth Rate 5%
Growth Rate 0.3%
American Indian and Alaska Native 0.32%
Asian 6.85%
Black or African American 5.29%
Hispanic or Latino 13.18%
Unknown 4.31%
White 70.05%
Genderfemale 36.20%
male 63.80%
Age - 50American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 50Stress level is high
7.1 - high
Complexity Level is advanced
7 - challenging
Work Life balance is poor
6.4 - fair
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Broker career paths
Key steps to become a broker
Explore broker education requirements
Start to develop specific broker skills
Skills 
Percentages Brokerage 16.71% Financial Services 9.13% Insurance Products 6.89% Risk Management 6.11% Client Relationships 5.92% Complete relevant broker training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New brokers 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 based on U.S. Bureau of Labor Statistics data and data from real broker resumes.Obtain the necessary licensing
Becoming a licensed broker usually doesn't require a college degree. However, you need to pass an exam to become a licensed broker in most of states. 46 states require brokers 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 Research broker duties and responsibilities
- Manage, lease and sell office condominiums on site.
- Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
- Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
- Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
Prepare your broker resume
When your background is strong enough, you can start writing your broker 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 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 Resume templates
Build a professional Broker 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 resume.
Apply for broker jobs
Now it's time to start searching for a broker 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
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Average broker salary
The average Broker salary in the United States is $124,861 per year or $60 per hour. Broker salaries range between $68,000 and $227,000 per year.
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Updated January 8, 2025
