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