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