Will “Broker in Charge” be Replaced By Robots? 🤔
86% Chance of Automation
“Broker in Charge” will probably be replaced by robots.
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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 in Charge”
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- Arrange for title searches to determine whether clients have clear property titles.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- 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.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Contact utility companies for service hookups to clients' property.
- 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.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- Secure construction or purchase financing with own firm or mortgage company.
- 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.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Solicit and compile listings of available rental properties.
- Appraise properties to determine loan values.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Rent or lease properties on behalf of clients.
- Coordinate appointments to show homes to prospective buyers.
- 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.
- Visit properties to assess them before showing them to clients.
- Interview clients to determine what kinds of properties they are seeking.
- Present purchase offers to sellers for consideration.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Contact property owners and advertise services to solicit property sales listings.
- Advise sellers on how to make homes more appealing to potential buyers.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
Related Technology & Tools
- Personal computers
- Laser printers
- Digital cameras
- Personal digital assistants PDA
- Laptop computers
- Global positioning system GPS receivers
- Desktop computers
- Notebook computers
- Measuring wheels
- Geographic information system GIS software
- Tax software
- Home rating software
- eGrabber ListGrabber
- PrimaSoft PC Realtor Organizer Deluxe
- Telluride Software Classic Trak-It
- Microsoft FrontPage
- Front Desk
- Lucero System Office Management
- Real estate investment analysis software
- DataBasix Technologies Lead Commander
- MediaVue
- Commercial and industrial development project cost analysis software
- CMA Stuffers
- TopProducer
- Panorama Technologies ModelWeaver
- Reveal Systems Truewire
- Microsoft Excel
- The IPIX Real Estate Wizard hometour360 Wizard
- iKorb Real Estate
- SRC Cash Flow Analyzer Pro
- Iseemedia Photovista Panorama
- Navigation software
- Landlord Software Pro Flipper
- Topaz Software Symplifi (CRM feature)
- RealtyStar AgentOffice
- DeLorme Topo USA
- Loan application processing software
- Newsletter production software
- Showing Suite HomeFollowup
- Real estate application contract transmission REACT software
- Yardi Systems Yardi Enterprise
- Real Pro
- Microsoft Publisher
- RealtyStar Real Estate Assistant
- Web page creation and editing software
- Internet browser software
- Showing Suite Showing Calendar
- Spreadsheet software
- OWL Bookkeeping for Realtors
- ProForce Highlight Flyer Master
- Web-administered databases
- Microsoft PowerPoint
- Corel WordPerfect
- RPIS Silent Flyer
- National Association of Realtors Online Database
- HUD-1 software
- Microsoft Office
- TimeValue software
- FloodMaps
- Intuit QuickBooks
- Panoweaver Panorama
- Yardi
- Easypano Tourweaver
- Microsoft Word Hard to Find Contracts
- IBM Lotus 1-2-3
- RealData Comparative Lease Analysis
- Adobe Systems Adobe Acrobat
- Power Real Estate Letters
- Argosy Legal Systems Power Closer
- Financial calculators software
- Garmin City Select
- General Magic Portico
- Agent Business Builder
- Document creation software
- Greenbrier Graphics Deed Plotter
- Microsoft Word
- Reality Star ProAGENT Power Series Presentations
- ProForce Ultimate Brochures
- Internet based MLS database software
- In-Hand Pocket APOD
- Digital contract software
- Showing Suite HomeFeedback
- Wheatworks Real Estate Calculator Suite
- Topaz Software Symplifi (business analysis feature)
- Showing Suite
- Email software
- Scheduling software
- Microsoft Outlook