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

Tasks for “Real Estate Broker”

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

Related Technology & Tools

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

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