Job Description of a Broker Assistant


Broker assistants work for licensed real estate, insurance and stock brokers. As brokers focus on closing deals for clients, these assistants often work behind the scenes obtaining market information, preparing or obtaining the necessary paperwork, computing costs involved in the deals and performing a range of other support tasks. According to the job site Indeed, broker assistants earned an average annual salary of $45,000 as of April 2015.

Using the Skills

  • Competent broker assistants have excellent organizational skills and are attentive to details. In a real estate brokerage, for example, assistants must efficiently work with and spot small errors on documents such as lease agreements, mortgage assignments and closing forms. They should be capable of multitasking, as the job may involve talking to a client on the phone while pulling up some files on a computer. Broker assistants also need strong basic math and clear communication skills, because they have to accurately calculate various charges or costs, and explain transaction policies or procedures to clients.

Facilitating Transactions

  • Although the specific tasks of broker assistants vary by industry, they commonly work to make brokers' work more efficient. In stock brokerages, they help stockbrokers buy or sell stocks and other financial securities on behalf of clients. They monitor several stock markets, take note of changes in the share prices of various companies and advise the brokers accordingly. At insurance brokerages, they help brokers secure insurance policies that meet client needs. This involves researching the insurance market, comparing polices offered by various providers and reporting findings to the brokers. Finally, real estate broker assistants help real estate brokers research property histories and obtain the necessary documentation for completing real estate transactions.

Improving Office Efficiency and Other Duties

  • Broker assistants also ensure that brokers' offices run efficiently. They make sure that the office is sufficiently stocked with supplies such as copier paper and they buy new supplies when necessary. They also maintain an efficient filing system of daily transactions and schedule client appointments.

    Other duties include ensuring office equipment are functioning properly, depositing copies of transaction documents with the brokerage's attorney, and informing brokers about changes in relevant federal and state laws and regulations.

Getting There

  • To receive the best training and to enhance job prospects, aspiring real estate broker assistants should earn at least an associate degree in real estate, while insurance and stockbroker assistants should get a degree in insurance and finance, respectively. Some employers may hire assistants with bachelor's degrees. Hiring brokers may also consider accounting and business administration graduates. Although these assistants typically don’t need an occupational license to get employed, many states limit the kind of activities they can perform. In Washington, for example, real estate assistants cannot show properties to prospective buyers or negotiate prices.

Related Searches


  • Photo Credit gzorgz/iStock/Getty Images
Promoted By Zergnet


You May Also Like

  • Realtor Assistant Job Description

    Realtors often employ a personal assistant to perform general clerical and administrative duties. This type of position allows the Realtor to focus...

  • Job Description of a Leasing Assistant

    Leasing assistants show and lease residential or commercial properties, including apartments, condominiums, townhouses and office buildings. The objective of a leasing assistant...

  • The Job Description of a Junior Broker

    The main role of a junior stockbroker is to augment the work of a stockbroker. He advises individual clients and retail investors...

  • Insurance Broker Job Description

    An insurance broker does many of the same activities as an insurance representative, but an insurance representative is a licensed agent that...

  • How to Become a Real Estate Assistant

    The world of real estate is an inviting field. In order to get your foot in the door, why not become a...

  • Duties of Insurance Agents & Brokers

    Insurance agents and brokers play an important role in the lives of individuals and businesses alike. They help people obtain the necessary...

Related Searches

Check It Out

3 Day-to-Night Outfits for the Work Week

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!