Benefits Of Becoming A Real Estate Broker

1. More Career Options

One of the main reasons someone might want to get a broker’s license is if they wish to operate and/or own their own real estate brokerage. This typically means hiring real estate agents, assistants, marketers, and other staff members. But there’s nothing preventing a broker from running a one-person operation if he/wished to do so and keep 100% of the commission.

Of course, running a one-person operation is easier said than done, since it would mean that the broker must handle ALL the tasks needed to keep a brokerage running.

On the other hand, the broker can also choose to hire other real estate agents and brokers and focus on managing the brokerage instead. And if at any point the broker decides to work as an associate broker and simply focus on doing the same tasks as a real estate salesperson, that’s always an option too.

Finally, a broker also has the option to run a property management company. In most states, renting out and managing property, collecting rent and finding tenants for a third party are considered real estate activities, which must be done under the supervision of a real estate broker.

2. More Money

Career options are great and all. But if we’re being honest here, one of the most appealing reasons why someone might become a real estate broker is having a higher earning potential.
Real estate brokers make on average significantly more money than real estate agents.

According to GlassDoor, real estate brokers make an average of $75,935 in the USA, whereas real estate salespersons make $51,392 on average.

3. Associate Brokers Are Seen As More Trustworthy And Experienced

The majority of real estate brokers have more experience in the real estate industry than many agents. That’s by design since experience as a real estate salesperson is one of the requirements of a real estate broker state exam.
In fact, a large number of brokers go beyond the minimum educational requirements of a broker and choose to earn additional specializations and real estate designations.

For this reason alone, prospects looking for a real estate agent are more likely to choose an associate real estate broker than just a regular real estate salesperson.

Brokers can use this to their advantage by including in their marketing material the fact that they are experienced brokers and mentioning their certifications and designations.

Finally, associate brokers can use their extensive experience and certifications as leverage in order to get better commission splits with their managing or designated broker.