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