Will “Licensed Real Estate 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
• Lease Analyst
• Lease Administration Analyst
• Dealer
• Contract Specialist
• Closing Agent
• Buyer Broker

Tasks for “Licensed Real Estate Broker”

• Sell, for a fee, real estate owned by others.
• 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.
• Arrange for title searches of properties being sold.
• Give buyers virtual tours of properties in which they are interested, using computers.
• Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Supervise agents who handle real estate transactions.
• Compare a property with similar properties that have recently sold to determine its competitive market price.
• Develop, sell, or lease property used for industry or manufacturing.
• Review property details to ensure that environmental regulations are met.
• 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.
• Rent properties or manage rental properties.
• Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
• 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.
• Obtain agreements from property owners to place properties for sale with real estate firms.
• Manage or operate real estate offices, handling associated business details.

Related Technology & Tools

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

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