Will “Realtor” 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 “Realtor”

• Obtain agreements from property owners to place properties for sale with real estate firms.
• Supervise agents who handle real estate transactions.
• 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.
• Arrange for title searches of properties being sold.
• Arrange for financing of property purchases.
• Appraise property values, assessing income potential when relevant.
• Compare a property with similar properties that have recently sold to determine its competitive market price.
• Review property details to ensure that environmental regulations are met.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Give buyers virtual tours of properties in which they are interested, using computers.
• 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.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
• 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.
• Rent properties or manage rental properties.
• Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
• Develop, sell, or lease property used for industry or manufacturing.

Related Technology & Tools

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

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