Will “Real Estate Broker” be Replaced By Robots? 🤔

97% Chance of Automation

“Real Estate 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 “Real Estate Broker”

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

Related Technology & Tools

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

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RealData REIA
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Microsoft Office
Microsoft Internet Explorer
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Google Earth Pro
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Enterprise Software Systems CRE Sync
Domin-8 Enterprise Solutions Tenant Pro
Customer relationship management CRM software
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Web browser software
Property Boulevard
Microsoft PowerPoint
Real estate listing databases
Property records databases
PropertyBoss Solutions PropertyBoss
Propertyware
Deep Forest Systems OnCite
AMTdirect
Real Estate Assistant REA
Adobe Systems Adobe Photoshop
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