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”

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

Related Technology & Tools

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

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