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