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