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”

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

Related Technology & Tools

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

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