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