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