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Career and Education Opportunities for Real Estate Brokers in Minnesota

Minnesota has a population of 5,266,214, which has grown by 7.05% over the past decade. Nicknamed the "North Star State," its capital is Saint Paul, though its most populous city is Minneapolis.

There are currently 480 jobs for real estate brokers in Minnesota and this is projected to grow 26% to 600 jobs 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.

Income for real estate brokers is about $44 per hour or $92,160 per year on average in Minnesota. Nationally, their income is about $27 per hour or $57,500 annually. Incomes for real estate brokers are better than in the overall category of Real Estate in Minnesota, and better than the overall Real Estate category nationally.

In 2008, there were a total of 3,567,295 jobs in Minnesota. The average annual income was $42,953 in 2008, up from $41,693 in 2007. The unemployment rate in Minnesota was 8.0% in 2009, which has grown by 2.6% since the previous year. Approximately 27.4% of Minnesota residents have college degrees, which is higher than the national average.

The top industries in Minnesota include medical, dental, and hospital equipment merchant wholesalers, general-line grocery merchant wholesalers, and real estate credit. Notable tourist attractions include the American Wings Air Museum, the Bill & Bonnie Daniels Firefighters Hall & Museum, and the Hennepin History Museum.

CITIES WITH Real Estate Broker OPPORTUNITIES IN Minnesota


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 Minnesota 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: Minnesota

Minnesota
Minnesota photo by Kablammo

Minnesota has a population of 5,266,214, which has grown by 7.05% over the past 10 years. Nicknamed the "North Star State," its capital is Saint Paul, though its largest city is Minneapolis. In 2008, there were a total of 3,567,295 jobs in Minnesota. The average annual income was $42,953 in 2008, up from $41,693 the previous year. The unemployment rate in Minnesota was 8.0% in 2009, which has grown by 2.6% since the previous year. Roughly 27.4% of Minnesota residents have college degrees, which is higher than the national average.

The top industries in Minnesota include medical, dental, and hospital equipment merchant wholesalers, general-line grocery merchant wholesalers, and real estate credit. Notable tourist destinations include the Hennepin History Museum, the Minneapolis Institute of Arts, and the Fridley Historical Society Museum.