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