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

Tasks for “Real Estate Salesperson”

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

Related Technology & Tools

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

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