Will “Broker Associate” be Replaced By Robots? 🤔

Job Description

Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.

Job Details

• The SOC (Standard Occupational Classification) code is 41-9021.00
• The Mean Annual Wage in the U.S. is $ 79,340.00
• The Mean Hourly Wage is $ 38.00
• Currently, there are 40,850 people on this job

☝️ Information based on the reference occupation “Real Estate Brokers”.

Also Known As…

• Real Estate Brokers
• Supervising Broker
• Realtor
• Real Estate Sales Associate
• Real Estate Broker
• Real Estate Associate
• Managing Broker
• Designated Broker
• Broker Associate
• Broker Assistant
• Broker
• Realty Specialist
• Realty Loan Specialist
• Real Estate Salesperson
• Real Estate Closer
• Licensed Real Estate Broker
• Lease Analyst
• Lease Administration Analyst
• Dealer
• Contract Specialist
• Closing Agent
• Buyer Broker

Tasks for “Broker Associate”

• Arrange for title searches of properties being sold.
• Review property details to ensure that environmental regulations are met.
• Supervise agents who handle real estate transactions.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Rent properties or manage rental properties.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Sell, for a fee, real estate owned by others.
• Appraise property values, assessing income potential when relevant.
• Maintain working knowledge of various factors that determine a farm's capacity to produce, such as agricultural variables and proximity to market centers and transportation facilities.
• Develop, sell, or lease property used for industry or manufacturing.
• Arrange for financing of property purchases.
• Compare a property with similar properties that have recently sold to determine its competitive market price.
• Manage or operate real estate offices, handling associated business details.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
• Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
• Obtain agreements from property owners to place properties for sale with real estate firms.
• Give buyers virtual tours of properties in which they are interested, using computers.
• Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
• Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.

Related Technology & Tools

• Computer laser printers
• Desktop computers
• Personal digital assistants PDA
• Laptop computers
• Passenger vehicles
• Digital cameras
• Measuring tapes
• Digital video cameras
• Personal computers
• Photocopying equipment
• Handheld calculators
• Laser facsimile machines

• Property Boulevard
• Deep Forest Systems OnCite
• Real estate listing databases
• Microsoft Outlook
• Web browser software
• First American CoreLogic RealQuest Pro
• Google Earth Pro
• Microsoft Office
• Microsoft Internet Explorer
• Yardi Systems Yardi Voyager Commercial
• London Computer Systems Rent Manager
• Microsoft Excel
• AppFolio Property Manager
• RealData REIA
• PropertyBoss Solutions PropertyBoss
• Propertyware
• Microsoft PowerPoint
• AMTdirect
• Real Estate Assistant REA
• Microsoft Word
• Showing Suite
• Lease Cost Solutions LseMod
• Visual Lease
• Intuit QuickBooks
• Adobe Systems Adobe Photoshop
• Property records databases
• Domin-8 Enterprise Solutions Tenant Pro
• Enterprise Software Systems CRE Sync
• Customer relationship management CRM software