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