Similar careers
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
A Real Estate Broker is a licensed professional who arranges real estate transactions, putting buyers and sellers together and acting as their representative in negotiations. They are licensed to manage their own real estate businesses, unlike real estate agents who must work with brokers.
Education: High school diploma or equivalent
Years in related career: Less than 5 years
On-the-job training: None
Projected Growth: 3.5% (average)
Annual job openings: 9 700
Direct AI exposure: 13% of tasks
Potential AI exposure: 72% of tasks
| Income data is from Employment and Social Development Canada's 2025 wage tables. The closest match for this career in Canada’s occupational classification system is Insurance, Real Estate and Financial Brokerage Managers. According to the wage tables, average income is $123K per year. | ||||
|---|---|---|---|---|
| Bottom 10% | Bottom 25% | Median (average) | Top 25% | Top 10% |
| $82K per year | $103K per year | $123K per year | $160K per year | $220K per year |
| Compared to other careers: Median is $58K above the national average. | ||||
Real Estate Brokers often work in offices, though much of their time is spent meeting with clients, showing properties, and attending networking events. They may work long and irregular hours, including evenings and weekends, to accommodate clients' schedules.
Real Estate Brokers play a crucial role in the real estate industry. They must have a deep understanding of the property market, including current trends, property values, and legal regulations. Their role involves evaluating properties, advising clients on the best practices for buying, selling, and renting, and ensuring that all legal and financial aspects of transactions are handled correctly.
Brokers must possess excellent communication and negotiation skills, as they are the key point of contact between buyers and sellers. They need to be adept at marketing properties and have strong networking skills to build a robust client base. The role also requires a good understanding of finance and law related to real estate.
Being a Real Estate Broker can be highly rewarding but also demanding. It offers the potential for high earnings, especially in lucrative markets or through specialization in high-end properties. However, the income can be unpredictable as it's largely commission-based. The career also offers flexibility in terms of working hours and autonomy in running a business.
Real Estate Brokers typically need a high school diploma or equivalent, along with postsecondary real estate education. In most jurisdictions, brokers must first gain several years of experience as a licensed real estate agent and then complete additional coursework. Licensure is required and usually involves passing a broker-level examination and meeting experience requirements set by the local regulatory authority.
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
