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