Retail Broker Careers
A retail broker acts as a liaison or intermediary between the buyer and seller. A broker's main responsibility is to negotiate and set up contracts for property such as real estate, bonds and commodities. The retail broker doesn't have an interest in the transaction except to receive a commission after the transaction is executed. A retail broker can pursue careers in various industries such as insurance and trade.
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Insurance Broker
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An insurance broker finds clients, determines their needs and recommends the appropriate insurance for them. She works with multiple insurance companies and sells different kinds of insurance, such as life, health, auto or liability. The person must have at least a high-school diploma. However, many employers require the individual to have a bachelor's degree in finance, business and economics.The insurance broker must have good written, verbal, sales, organizational and negotiable skills. She must also be licensed by the state to sell insurance. An insurance broker earns between $41,264 and $82,961 per year as of January 2011, according to PayScale.
Securities Broker
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A securities broker executes buy or sell securities orders, such as bonds, stocks, mutual funds or commodities, for her clients. The securities broker can also advise clients what to buy or sell. Many firms require a securities broker to have a bachelor's degree in studies, such as finance, marketing, economics or business. The person also has to take federal and state courses and pass the exams. A securities broker's salary ranges from $38,906 to $75,342 per year as of January 2011, according to PayScale.
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Food Broker
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A food broker negotiates sales for food manufacturers and producers. She sells food products to retail stores and independent and chain wholesalers. A food broker, which is an independent sales agent, can perform tasks in retail stores like positioning product displays and monitoring sales. The person must have at least a high-school diploma. However, many food brokers have college degrees. The average salary for a food broker is $67,403 per year as of December 2010, according to CBSalary.
Business Broker
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A business broker recruits, hires, trains and manages employees. She also works with managers and executives to create budgets. This person keeps track of inventory, produces reports on fiscal matters and creates business procedures. Many employers require the person to have a bachelor's degree in studies, such as business administration. The average salary for a business broker is $76,252 per year as of December 2010, according to CBSalary.
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