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”

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

Related Technology & Tools

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

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