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