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Career and Education Opportunities for Real Estate Brokers in Providence, Rhode Island

Many educational and employment opportunities exist for real estate brokers in the Providence, Rhode Island area. The national trend for real estate brokers sees this job pool growing by about 8.6% over the next eight years. In general, real estate brokers operate real estate offices, or work for commercial real estate firms, overseeing real estate transactions.

The average wage in the general category of Real Estate jobs is $22 per hour or $45,700 per year in Rhode Island, and an average of $23 per hour or $48,825 per year nationwide.

There is one school within twenty-five miles of Providence where you can study to be a real estate broker, among fifty-five schools of higher education total in the Providence area. Real estate brokers usually hold some college courses, so you can expect to spend a short time studying to be a real estate broker if you already have a high school diploma.

CAREER 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.

It is important for real estate brokers to sell, for a fee, real estate owned by others. They are often called upon to maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located. They also compare a property with similar properties that have recently sold, in order to establish its competitive market price. They are sometimes expected to generate records of properties for sale, their locations and descriptions, and available financing options, using computers. Somewhat less frequently, real estate brokers are also expected to oversee and operate real estate offices, handling associated business details.

Real estate brokers sometimes are asked to obtain agreements from property owners to place properties for sale with real estate firms. and check work completed by loan officers and other professionals to insure that it is performed properly. And finally, they sometimes have to manage financing of property purchases.

Like many other jobs, real estate brokers must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Providence 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.

EDUCATIONAL OPPORTUNITIES: Real Estate Broker Training

Community College of Rhode Island - Warwick, RI

Community College of Rhode Island, 400 East Ave, Warwick, RI 02886-1807. Community College of Rhode Island is a large college located in Warwick, Rhode Island. It is a public school with primarily 2-year programs and has 17,612 students. Community College of Rhode Island has an associate's degree program in Real Estate which graduated two students in 2008.

CERTIFICATIONS

Global Mobility Specialist: The purpose of Worldwide ERC's Certified Relocation Professional certification is to encourage members working in specific aspects of employee relocation to gain extensive and useful knowledge of all aspects of employee relocation.

For more information, see the Employee Relocation Council website.

Certified Relocation Professional: The purpose of Worldwide ERC Certified Relocation Professional program is to encourage members working in specific aspects of employee relocation to gain extensive and useful knowledge of all aspects of employee relocation.

For more information, see the Employee Relocation Council website.

Commercial Certified Mortgage Servicer: The Certified Mortgage Servicer (CMS) designation recognizes an individual's superior knowledge and experience in servicing practices, theories and applications.

For more information, see the Mortgage Bankers Association of America website.

Residential Certified Loan Officer: The Certified Loan Officer(CMT) designation creates a recognizable and meaningful seal of quality for residential loan officers.

For more information, see the Mortgage Bankers Association of America website.

LICENSES

Real Estate Broker

Licensing agency: Division of Commercial Licensing & Racing & Athletics
Address: R.I. Department of Business Regulation, Real Estate Section, John O. Pastore Center, Bldg 69-1, 1511 Pontiac Ave, Cranston, RI 02920

Phone: (401) 462-9506
Website: Division of Commercial Licensing & Racing & Athletics R.I. Department of Business Regulation Real Estate Section

LOCATION INFORMATION: Providence, Rhode Island

Providence, Rhode Island
Providence, Rhode Island photo by Flickr_upload_bot

Providence is situated in Providence County, Rhode Island. It has a population of over 171,557, which has shrunk by 1.2% over the last ten years. The cost of living index in Providence, 105, is above the national average. New single-family homes in Providence are valued at $75,900 on average, which is far less than the state average. In 2008, seventeen new homes were constructed in Providence, down from forty-seven the previous year.

The three most popular industries for women in Providence are educational services, health care, and miscellaneous manufacturing. For men, it is educational services, accommodation and food services, and miscellaneous manufacturing. The average travel time to work is about 20 minutes. More than 24.4% of Providence residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 11.3%, is higher than the state average.

The unemployment rate in Providence is 14.5%, which is greater than Rhode Island's average of 12.2%.

The percentage of Providence residents that are affiliated with a religious congregation, 63.6%, is more than both the national and state average. United Pentecostal Church, United Presbyterian Church and Providence Assembly of God Church are some of the churches located in Providence. The most common religious groups are the Catholic Church, the American Baptist Churches in the USA and the Episcopal Church.

Providence is home to the Fall River Iron Works and the Broadway-Armory Historic District as well as Burnside Park and Customhouse Historic District. Shopping malls in the area include Silver Lake Plaza Shopping Center, Shopperstown Shopping Center and Corliss Landing Shopping Center. Visitors to Providence can choose from Historic Jacob Hill Farm Bed and Breakfast Inn, Agora Restaurant & Bar and Old Court Bed & Breakfast for temporary stays in the area.