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