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.
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Coordinate appointments to show homes to prospective buyers.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Present purchase offers to sellers for consideration.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- 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.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Secure construction or purchase financing with own firm or mortgage company.
- Rent or lease properties on behalf of clients.
- Solicit and compile listings of available rental properties.
- Visit properties to assess them before showing them to clients.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Interview clients to determine what kinds of properties they are seeking.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- 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.
- Contact utility companies for service hookups to clients' property.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Contact property owners and advertise services to solicit property sales listings.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Appraise properties to determine loan values.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings to remain knowledgeable about real estate markets.
Related Technology & Tools
- Measuring wheels
- Digital cameras
- Desktop computers
- Personal computers
- Laptop computers
- Notebook computers
- Global positioning system GPS receivers
- Laser printers
- Personal digital assistants PDA
- iKorb Real Estate
- Showing Suite
- Navigation software
- Lucero System Office Management
- Microsoft Outlook
- Topaz Software Symplifi (CRM feature)
- Home rating software
- Document creation software
- HUD-1 software
- Topaz Software Symplifi (business analysis feature)
- RealData Comparative Lease Analysis
- Panoweaver Panorama
- National Association of Realtors Online Database
- Microsoft Word Hard to Find Contracts
- Reveal Systems Truewire
- CMA Stuffers
- Microsoft FrontPage
- Agent Business Builder
- Financial calculators software
- Spreadsheet software
- Reality Star ProAGENT Power Series Presentations
- MediaVue
- Commercial and industrial development project cost analysis software
- Internet browser software
- General Magic Portico
- Adobe Systems Adobe Acrobat
- Iseemedia Photovista Panorama
- Showing Suite HomeFeedback
- PrimaSoft PC Realtor Organizer Deluxe
- Microsoft PowerPoint
- eGrabber ListGrabber
- Web page creation and editing software
- Garmin City Select
- ProForce Ultimate Brochures
- SRC Cash Flow Analyzer Pro
- Yardi
- TopProducer
- Real Pro
- Scheduling software
- In-Hand Pocket APOD
- Showing Suite Showing Calendar
- DeLorme Topo USA
- RPIS Silent Flyer
- IBM Lotus 1-2-3
- The IPIX Real Estate Wizard hometour360 Wizard
- Tax software
- TimeValue software
- Real estate investment analysis software
- Wheatworks Real Estate Calculator Suite
- Greenbrier Graphics Deed Plotter
- Microsoft Word
- Power Real Estate Letters
- OWL Bookkeeping for Realtors
- Telluride Software Classic Trak-It
- Microsoft Excel
- Digital contract software
- Microsoft Publisher
- Web-administered databases
- Easypano Tourweaver
- Landlord Software Pro Flipper
- Loan application processing software
- ProForce Highlight Flyer Master
- FloodMaps
- RealtyStar AgentOffice
- Intuit QuickBooks
- Yardi Systems Yardi Enterprise
- DataBasix Technologies Lead Commander
- Front Desk
- Geographic information system GIS software
- Newsletter production software
- Corel WordPerfect
- Argosy Legal Systems Power Closer
- Panorama Technologies ModelWeaver
- Microsoft Office
- RealtyStar Real Estate Assistant
- Internet based MLS database software
- Showing Suite HomeFollowup
- Email software
- Real estate application contract transmission REACT software