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