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