Will “Buyer Broker” 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

Tasks for “Buyer Broker”

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

Related Technology & Tools

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

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