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