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