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”

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

Related Technology & Tools

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

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