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

Tasks for “Realtor”

• Obtain agreements from property owners to place properties for sale with real estate firms.
• 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.
• Appraise property values, assessing income potential when relevant.
• Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Arrange for financing of property purchases.
• 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.
• Arrange for title searches of properties being sold.
• Supervise agents who handle real estate transactions.
• Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
• 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.
• 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.
• Give buyers virtual tours of properties in which they are interested, using computers.
• Develop, sell, or lease property used for industry or manufacturing.
• Manage or operate real estate offices, handling associated business details.
• Review property details to ensure that environmental regulations are met.

Related Technology & Tools

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

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