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”

• 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.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Compare a property with similar properties that have recently sold to determine its competitive market price.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
• Manage or operate real estate offices, handling associated business details.
• 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.
• Rent properties or manage rental properties.
• Supervise agents who handle real estate transactions.
• 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.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Develop, sell, or lease property used for industry or manufacturing.
• Give buyers virtual tours of properties in which they are interested, using computers.
• Appraise property values, assessing income potential when relevant.
• Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
• Arrange for title searches of properties being sold.
• Sell, for a fee, real estate owned by others.
• Review property details to ensure that environmental regulations are met.

Related Technology & Tools

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

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