Will “Buyers' Agent” be Replaced By Robots? 🤔
86% Chance of Automation
“Buyers' Agent” 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
- Building Consultant
- Apartment Rental Agent
- Apartment Leasing Consultant
- Apartment Leasing Agent
- Agricultural Real Estate Agent
- Agent
Tasks for “Buyers' Agent”
- Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings to remain knowledgeable about real estate markets.
- Coordinate appointments to show homes to prospective buyers.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Appraise properties to determine loan values.
- Contact utility companies for service hookups to clients' property.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Secure construction or purchase financing with own firm or mortgage company.
- Advise sellers on how to make homes more appealing to potential buyers.
- Present purchase offers to sellers for consideration.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Rent or lease properties on behalf of clients.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- 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.
- 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.
- Interview clients to determine what kinds of properties they are seeking.
- Solicit and compile listings of available rental properties.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- 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.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- 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.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Contact property owners and advertise services to solicit property sales listings.
- Arrange for title searches to determine whether clients have clear property titles.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
Related Technology & Tools
- Personal digital assistants PDA
- Digital cameras
- Laser printers
- Laptop computers
- Desktop computers
- Measuring wheels
- Personal computers
- Global positioning system GPS receivers
- Notebook computers
- Spreadsheet software
- National Association of Realtors Online Database
- Corel WordPerfect
- Lucero System Office Management
- Showing Suite HomeFollowup
- FloodMaps
- Home rating software
- MediaVue
- Landlord Software Pro Flipper
- ProForce Highlight Flyer Master
- Real estate application contract transmission REACT software
- RealtyStar AgentOffice
- Geographic information system GIS software
- Panorama Technologies ModelWeaver
- Showing Suite HomeFeedback
- Front Desk
- Web-administered databases
- Newsletter production software
- Showing Suite Showing Calendar
- Tax software
- Argosy Legal Systems Power Closer
- RealData Comparative Lease Analysis
- Garmin City Select
- DataBasix Technologies Lead Commander
- Real estate investment analysis software
- OWL Bookkeeping for Realtors
- Scheduling software
- eGrabber ListGrabber
- Reality Star ProAGENT Power Series Presentations
- Showing Suite
- Telluride Software Classic Trak-It
- Microsoft Excel
- Microsoft FrontPage
- Navigation software
- TopProducer
- Commercial and industrial development project cost analysis software
- The IPIX Real Estate Wizard hometour360 Wizard
- In-Hand Pocket APOD
- Greenbrier Graphics Deed Plotter
- RealtyStar Real Estate Assistant
- Internet browser software
- Internet based MLS database software
- Wheatworks Real Estate Calculator Suite
- General Magic Portico
- Agent Business Builder
- Power Real Estate Letters
- Adobe Systems Adobe Acrobat
- Topaz Software Symplifi (business analysis feature)
- Yardi
- Microsoft Outlook
- Panoweaver Panorama
- Microsoft Publisher
- CMA Stuffers
- Web page creation and editing software
- TimeValue software
- HUD-1 software
- ProForce Ultimate Brochures
- Financial calculators software
- Email software
- Microsoft Word Hard to Find Contracts
- SRC Cash Flow Analyzer Pro
- Yardi Systems Yardi Enterprise
- Loan application processing software
- Real Pro
- Digital contract software
- Iseemedia Photovista Panorama
- IBM Lotus 1-2-3
- Intuit QuickBooks
- iKorb Real Estate
- Microsoft Office
- Microsoft PowerPoint
- RPIS Silent Flyer
- DeLorme Topo USA
- Reveal Systems Truewire
- Easypano Tourweaver
- Microsoft Word
- PrimaSoft PC Realtor Organizer Deluxe
- Document creation software
- Topaz Software Symplifi (CRM feature)