Will “Real Estate Associate” 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
• Managing Broker
• Designated Broker
• Broker Associate
• Broker Assistant
• Broker
• Realty Specialist
• Realty Loan Specialist
• Real Estate Salesperson
• Real Estate Closer
• Real Estate Associate
• Licensed Real Estate Broker
• Lease Analyst
• Lease Administration Analyst
• Dealer
• Contract Specialist
• Closing Agent
• Buyer Broker

Tasks for “Real Estate Associate”

• Manage or operate real estate offices, handling associated business details.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Sell, for a fee, real estate owned by others.
• Give buyers virtual tours of properties in which they are interested, using computers.
• Supervise agents who handle real estate transactions.
• Appraise property values, assessing income potential when relevant.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Arrange for title searches of properties being sold.
• 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.
• Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
• Develop, sell, or lease property used for industry or manufacturing.
• Review property details to ensure that environmental regulations are met.
• Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
• Rent properties or manage rental properties.
• 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.
• Compare a property with similar properties that have recently sold to determine its competitive market price.
• Arrange for financing of property purchases.

Related Technology & Tools

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

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