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