Will “Broker Associate” be Replaced By Robots? 🤔
86% Chance of Automation
“Broker Associate” will probably be replaced by robots.
This job is ranked #497 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
Rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.
Job Details
- The SOC (Standard Occupational Classification) code is 41-9022.00
- The Mean Annual Wage in the U.S. is $ 59,360.00
- The Mean Hourly Wage is $ 28.00
- Currently, there are 151,840 people on this job
☝️ Information based on the reference occupation “Real Estate Sales Agents”.
Also Known As…
- Real Estate Sales Agents
- Sales Agent
- Realtor
- Real Estate Salesperson
- Real Estate Broker Associate
- Real Estate Broker
- Real Estate Agent
- Broker in Charge
- Broker Associate
- Associate Broker
- Sales Superintendent
- Sales Specialist
- Sales Representative
- Sales Professional
- Sales Consultant
- Right-of-Way Buyer
- Right-of-Way Agent
- Right of Way Agent
- Residential Property Consultant
- Residence Leasing Agent
- Rental Sales Agent
- Real Estate Sales Associate
- Real Estate Sales Agent
- Real Estate Rental Agent
- Real Estate Professional
- Real Estate Listing Consultant
- Real Estate Closer
- Real Estate Agent/Broker
- Leasing Specialist
- Leasing Professional
- Leasing Consultant
- Leasing Agent
- Land Sales Agent
- Land Agent
- Industrial Real Estate Agent
- Contracts Specialist
- Closing Coordinator
- Closing Agent
- Buyers' Agent
- Building Consultant
- Apartment Rental Agent
- Apartment Leasing Consultant
- Apartment Leasing Agent
- Agricultural Real Estate Agent
- Agent
Tasks for “Broker Associate”
- Arrange for title searches to determine whether clients have clear property titles.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Appraise properties to determine loan values.
- Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Present purchase offers to sellers for consideration.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Solicit and compile listings of available rental properties.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Coordinate appointments to show homes to prospective buyers.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Secure construction or purchase financing with own firm or mortgage company.
- Advise sellers on how to make homes more appealing to potential buyers.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- Interview clients to determine what kinds of properties they are seeking.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Rent or lease properties on behalf of clients.
- Visit properties to assess them before showing them to clients.
- Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings to remain knowledgeable about real estate markets.
- Contact utility companies for service hookups to clients' property.
- Contact property owners and advertise services to solicit property sales listings.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
Related Technology & Tools
- Laser printers
- Measuring wheels
- Desktop computers
- Global positioning system GPS receivers
- Personal digital assistants PDA
- Laptop computers
- Digital cameras
- Notebook computers
- Personal computers
- Loan application processing software
- Front Desk
- Lucero System Office Management
- OWL Bookkeeping for Realtors
- Microsoft Publisher
- Iseemedia Photovista Panorama
- IBM Lotus 1-2-3
- Wheatworks Real Estate Calculator Suite
- Yardi
- Web page creation and editing software
- DataBasix Technologies Lead Commander
- Microsoft Outlook
- Microsoft Excel
- The IPIX Real Estate Wizard hometour360 Wizard
- Telluride Software Classic Trak-It
- Topaz Software Symplifi (business analysis feature)
- TopProducer
- iKorb Real Estate
- Newsletter production software
- Digital contract software
- FloodMaps
- TimeValue software
- Real Pro
- MediaVue
- Spreadsheet software
- ProForce Ultimate Brochures
- Tax software
- HUD-1 software
- Corel WordPerfect
- Real estate investment analysis software
- Yardi Systems Yardi Enterprise
- Internet based MLS database software
- Intuit QuickBooks
- Showing Suite HomeFeedback
- Internet browser software
- Microsoft Word
- Agent Business Builder
- National Association of Realtors Online Database
- DeLorme Topo USA
- Showing Suite
- Greenbrier Graphics Deed Plotter
- Argosy Legal Systems Power Closer
- Real estate application contract transmission REACT software
- Easypano Tourweaver
- Panoweaver Panorama
- SRC Cash Flow Analyzer Pro
- Power Real Estate Letters
- Panorama Technologies ModelWeaver
- Landlord Software Pro Flipper
- Document creation software
- Topaz Software Symplifi (CRM feature)
- In-Hand Pocket APOD
- Showing Suite Showing Calendar
- eGrabber ListGrabber
- Reality Star ProAGENT Power Series Presentations
- Microsoft PowerPoint
- Microsoft Word Hard to Find Contracts
- Home rating software
- Geographic information system GIS software
- Reveal Systems Truewire
- ProForce Highlight Flyer Master
- Garmin City Select
- PrimaSoft PC Realtor Organizer Deluxe
- RPIS Silent Flyer
- Scheduling software
- Microsoft Office
- Adobe Systems Adobe Acrobat
- Email software
- RealtyStar Real Estate Assistant
- Navigation software
- Microsoft FrontPage
- Web-administered databases
- RealData Comparative Lease Analysis
- Financial calculators software
- RealtyStar AgentOffice
- Showing Suite HomeFollowup
- CMA Stuffers
- General Magic Portico
- Commercial and industrial development project cost analysis software