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