What does an associate broker do?
An associate broker, sometimes known as a broker-salesperson or affiliate broker, is a real estate professional who helps a firm’s principal broker oversee real estate agents and ensure that the firm is following local and national real estate law. Associate brokers often have the same level of education as principal brokers and managing brokers, but assist in more of the day-to-day operations instead of the managerial duties. During their workday, an associate broker has several responsibilities, including:
Preparing contract documents
Searching for new properties to list
Collecting payments from clients
Overseeing the firm’s accounts and spending
Attending buyer-seller meetings
Associate broker skills
Associate brokers require the use of several important skills in order to perform their job duties adequately. These skills can include:
Verbal and written communication: An associate broker may discover that each client has a different method of communication they prefer. Whether it’s text, email, phone calls or in-person meetings, associate brokers need to be able to adapt to a client’s needs at a moment’s notice.
Time management: During their workday, associate brokers may have to attend multiple meetings and finish projects or contracts by certain deadlines. That’s why it can be important for them to have powerful time-management capabilities.
Problem solving: Problem-solving skills are important to associate brokers because they can face many challenges during their workday, including finding properties that match client requests and discovering new tactics for negotiating prices.
Market knowledge: Understanding industry trends and knowing which properties are most likely to sell are tactics that contribute to market knowledge and skills. Associate brokers need to have expertise in this area in order to perform their job more effectively.
