Well, there is the Lin-Bairstow Method. It uses numerical approximations based on Newtons Method to determine the coefficients of quadratic factors. Very effective.
Factoring arbitrary polynomials over the real? Notice you said reals, not rationals. I cannot conceive of an algorithm not relying on numerical approximations that can achieve this, since the coefficients are going to be arbitrary real values (potentially irrational). And if you allow for that, then the Lin-Bairstow method is sufficient to solve your problem.
The reason why this method is preferable is because it is a general method to find any and all quadratic factors over real coefficients, thereby allowing you to solve even for complex solutions. Complex solutions will be the roots of these general quadratic factors. All achieved using a reiterative numerical method on real numbers; perfectly achievable on real number calculators. I find that fascinating, personally.
For the special case of cubics, quartics, and a select few quintics, there are algebraic approaches, but no general algebraic solution exists for 5th degree and higher polynomials.