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