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

Tasks for “Real Estate Broker”

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

Related Technology & Tools

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

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