Will “Broker Associate” be Replaced By Robots? 🤔
97% Chance of Automation
“Broker Associate” will almost certainly be replaced by robots.
This job is ranked #663 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
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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”
- Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
- Arrange for financing of property purchases.
- Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
- Arrange for title searches of properties being sold.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Manage or operate real estate offices, handling associated business details.
- Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
- Appraise property values, assessing income potential when relevant.
- Review property details to ensure that environmental regulations are met.
- Develop, sell, or lease property used for industry or manufacturing.
- Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
- Rent properties or manage rental properties.
- Supervise agents who handle real estate transactions.
- Give buyers virtual tours of properties in which they are interested, using computers.
- 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.
- Sell, for a fee, real estate owned by others.
- Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
Related Technology & Tools
- Personal digital assistants PDA
- Digital cameras
- Computer laser printers
- Laser facsimile machines
- Digital video cameras
- Photocopying equipment
- Personal computers
- Handheld calculators
- Passenger vehicles
- Desktop computers
- Laptop computers
- Measuring tapes
- Deep Forest Systems OnCite
- London Computer Systems Rent Manager
- Google Earth Pro
- Visual Lease
- Property Boulevard
- Lease Cost Solutions LseMod
- Real estate listing databases
- Microsoft Outlook
- Yardi Systems Yardi Voyager Commercial
- RealData REIA
- Adobe Systems Adobe Photoshop
- Web browser software
- AppFolio Property Manager
- Real Estate Assistant REA
- PropertyBoss Solutions PropertyBoss
- Showing Suite
- Enterprise Software Systems CRE Sync
- Intuit QuickBooks
- Propertyware
- Customer relationship management CRM software
- Microsoft PowerPoint
- Microsoft Internet Explorer
- Microsoft Excel
- Microsoft Word
- AMTdirect
- First American CoreLogic RealQuest Pro
- Domin-8 Enterprise Solutions Tenant Pro
- Property records databases
- Microsoft Office