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