Will “Broker” be Replaced By Robots? 🤔

Job Description

Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.

Job Details

• The SOC (Standard Occupational Classification) code is 41-9021.00
• The Mean Annual Wage in the U.S. is $ 79,340.00
• The Mean Hourly Wage is $ 38.00
• Currently, there are 40,850 people on this job

☝️ Information based on the reference occupation “Real Estate Brokers”.

Also Known As…

• Real Estate Brokers
• Supervising Broker
• Realtor
• Real Estate Sales Associate
• Real Estate Broker
• Real Estate Associate
• Managing Broker
• Designated Broker
• Broker Associate
• Broker Assistant
• Realty Specialist
• Realty Loan Specialist
• Real Estate Salesperson
• Real Estate Closer
• Licensed Real Estate Broker
• Lease Analyst
• Lease Administration Analyst
• Dealer
• Contract Specialist
• Closing Agent
• Buyer Broker
• Broker

Tasks for “Broker”

• Give buyers virtual tours of properties in which they are interested, using computers.
• Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
• Rent properties or manage rental properties.
• Supervise agents who handle real estate transactions.
• Arrange for title searches of properties being sold.
• Develop, sell, or lease property used for industry or manufacturing.
• Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
• Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
• Obtain agreements from property owners to place properties for sale with real estate firms.
• Maintain working knowledge of various factors that determine a farm's capacity to produce, such as agricultural variables and proximity to market centers and transportation facilities.
• Review property details to ensure that environmental regulations are met.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Sell, for a fee, real estate owned by others.
• Appraise property values, assessing income potential when relevant.
• Manage or operate real estate offices, handling associated business details.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Compare a property with similar properties that have recently sold to determine its competitive market price.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
• Arrange for financing of property purchases.

Related Technology & Tools

• Personal computers
• Computer laser printers
• Laptop computers
• Desktop computers
• Personal digital assistants PDA
• Handheld calculators
• Digital video cameras
• Measuring tapes
• Digital cameras
• Passenger vehicles
• Photocopying equipment
• Laser facsimile machines

• Yardi Systems Yardi Voyager Commercial
• RealData REIA
• Web browser software
• Property Boulevard
• Visual Lease
• Real Estate Assistant REA
• Lease Cost Solutions LseMod
• Deep Forest Systems OnCite
• Microsoft Internet Explorer
• AMTdirect
• Google Earth Pro
• AppFolio Property Manager
• First American CoreLogic RealQuest Pro
• Microsoft Excel
• Customer relationship management CRM software
• Enterprise Software Systems CRE Sync
• Intuit QuickBooks
• Domin-8 Enterprise Solutions Tenant Pro
• Microsoft PowerPoint
• Real estate listing databases
• Propertyware
• Microsoft Word
• Showing Suite
• Property records databases
• London Computer Systems Rent Manager
• Adobe Systems Adobe Photoshop
• Microsoft Office
• PropertyBoss Solutions PropertyBoss
• Microsoft Outlook