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.
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.
- 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
- Real Estate Sales Associate
- Real Estate Broker
- Real Estate Associate
- Designated Broker
- Broker Associate
- Broker Assistant
- Realty Specialist
- Realty Loan Specialist
- Real Estate Salesperson
- Real Estate Closer
- Managing Broker
- Licensed Real Estate Broker
- Lease Analyst
- Lease Administration Analyst
- Contract Specialist
- Closing Agent
- Buyer Broker
Tasks for “Managing Broker”
- Arrange for title searches of properties being sold.
- 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.
- 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.
- Develop, sell, or lease property used for industry or manufacturing.
- Obtain agreements from property owners to place properties for sale with real estate firms.
- Review property details to ensure that environmental regulations are met.
- Sell, for a fee, real estate owned by others.
- 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.
- Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
- Supervise agents who handle real estate transactions.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Manage or operate real estate offices, handling associated business details.
- Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
- Appraise property values, assessing income potential when relevant.
- Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
- Arrange for financing of property purchases.
- Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
Related Technology & Tools
- Laser facsimile machines
- Digital cameras
- Personal computers
- Laptop computers
- Personal digital assistants PDA
- Photocopying equipment
- Digital video cameras
- Passenger vehicles
- Desktop computers
- Computer laser printers
- Handheld calculators
- Measuring tapes
- Customer relationship management CRM software
- Enterprise Software Systems CRE Sync
- Real Estate Assistant REA
- RealData REIA
- Intuit QuickBooks
- Adobe Systems Adobe Photoshop
- Web browser software
- Property records databases
- Showing Suite
- Deep Forest Systems OnCite
- PropertyBoss Solutions PropertyBoss
- Lease Cost Solutions LseMod
- AppFolio Property Manager
- Visual Lease
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Excel
- Microsoft Internet Explorer
- Microsoft Outlook
- Property Boulevard
- First American CoreLogic RealQuest Pro
- Google Earth Pro
- London Computer Systems Rent Manager
- Microsoft Word
- Yardi Systems Yardi Voyager Commercial
- Domin-8 Enterprise Solutions Tenant Pro
- Real estate listing databases