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Career and Education Opportunities for Real Estate Brokers in Kentucky

Kentucky has a population of 4,314,113, which has grown by 6.74% over the past decade. Nicknamed the "Bluegrass State," its capital is Frankfort, though its largest city is Lexington-Fayette.

Currently, 170 people work as real estate brokers in Kentucky. This is expected to grow 27% to about 220 people by 2016. This is better than the national trend for real estate brokers, which sees this job pool growing by about 8.6% over the next eight years. Real estate brokers generally operate real estate offices, or work for commercial real estate firms, overseeing real estate transactions.

Real estate brokers earn about $9 per hour or $19,320 annually on average in Kentucky and about $27 hourly or $57,500 per year on average nationally. Real estate brokers earn less than people working in the category of Real Estate generally in Kentucky and more than people in the Real Estate category nationally.

In 2008, there were a total of 2,442,252 jobs in Kentucky. The average annual income was $31,936 in 2008, up from $31,060 the preceding year. The unemployment rate in Kentucky was 10.5% in 2009, which has grown by 3.9% since the previous year. About 17.1% of Kentucky residents have college degrees, which is lower than the national average.

The top industries in Kentucky include tobacco product merchant wholesalers, alumina production, and couriers.

CITIES WITH Real Estate Broker OPPORTUNITIES IN Kentucky


JOB DESCRIPTION: Real Estate Broker

Real Estate Broker video from the State of New Jersey Dept. of Labor and Workforce Development

In general, real estate brokers operate real estate offices, or work for commercial real estate firms, overseeing real estate transactions. They also other duties usually include selling real estate or renting properties and arranging loans.

Every day, real estate brokers are expected to be able to see details at a very fine level of focus. They need to articulate ideas and problems. It is also important that they listen to and understand others in meetings.

Similar jobs with educational opportunities in Kentucky include:

  • Real Estate Agent. Rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.

LOCATION INFORMATION: Kentucky

Kentucky
Kentucky photo by Richard Hurt

Kentucky has a population of 4,314,113, which has grown by 6.74% over the past 10 years. Nicknamed the "Bluegrass State," its capital is Frankfort, though its biggest city is Lexington-Fayette. In 2008, there were a total of 2,442,252 jobs in Kentucky. The average annual income was $31,936 in 2008, up from $31,060 in 2007. The unemployment rate in Kentucky was 10.5% in 2009, which has grown by 3.9% since the previous year. About 17.1% of Kentucky residents have college degrees, which is lower than the national average.

The top industries in Kentucky include tobacco product merchant wholesalers, alumina production, and couriers.