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”

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

Related Technology & Tools

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

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