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