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