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