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