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