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