Will “Managing Broker” be Replaced By Robots? 🤔

97% Chance of Automation

“Managing Broker” will almost certainly be replaced by robots.

This job is ranked #663 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

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…

Tasks for “Managing Broker”

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

Related Technology & Tools

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Personal computers
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Photocopying equipment
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Desktop computers
Laser facsimile machines

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