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