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