Will “Broker Associate” be Replaced By Robots? 🤔
86% Chance of Automation
“Broker Associate” will probably be replaced by robots.
This job is ranked #497 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
Rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.
Job Details
- The SOC (Standard Occupational Classification) code is 41-9022.00
- The Mean Annual Wage in the U.S. is $ 59,360.00
- The Mean Hourly Wage is $ 28.00
- Currently, there are 151,840 people on this job
☝️ Information based on the reference occupation “Real Estate Sales Agents”.
Also Known As…
- Real Estate Sales Agents
- Sales Agent
- Realtor
- Real Estate Salesperson
- Real Estate Broker Associate
- Real Estate Broker
- Real Estate Agent
- Broker in Charge
- Associate Broker
- Sales Superintendent
- Sales Specialist
- Sales Representative
- Sales Professional
- Sales Consultant
- Right-of-Way Buyer
- Right-of-Way Agent
- Right of Way Agent
- Residential Property Consultant
- Residence Leasing Agent
- Rental Sales Agent
- Real Estate Sales Associate
- Real Estate Sales Agent
- Real Estate Rental Agent
- Real Estate Professional
- Real Estate Listing Consultant
- Real Estate Closer
- Real Estate Agent/Broker
- Leasing Specialist
- Leasing Professional
- Leasing Consultant
- Leasing Agent
- Land Sales Agent
- Land Agent
- Industrial Real Estate Agent
- Contracts Specialist
- Closing Coordinator
- Closing Agent
- Buyers' Agent
- Building Consultant
- Broker Associate
- Apartment Rental Agent
- Apartment Leasing Consultant
- Apartment Leasing Agent
- Agricultural Real Estate Agent
- Agent
Tasks for “Broker Associate”
- Interview clients to determine what kinds of properties they are seeking.
- Contact property owners and advertise services to solicit property sales listings.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- Present purchase offers to sellers for consideration.
- Advise sellers on how to make homes more appealing to potential buyers.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Contact utility companies for service hookups to clients' property.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Secure construction or purchase financing with own firm or mortgage company.
- Arrange for title searches to determine whether clients have clear property titles.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- Coordinate appointments to show homes to prospective buyers.
- Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings to remain knowledgeable about real estate markets.
- Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Visit properties to assess them before showing them to clients.
- Solicit and compile listings of available rental properties.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Rent or lease properties on behalf of clients.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Appraise properties to determine loan values.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
Related Technology & Tools
- Notebook computers
- Desktop computers
- Measuring wheels
- Global positioning system GPS receivers
- Laser printers
- Personal digital assistants PDA
- Personal computers
- Digital cameras
- Laptop computers
- National Association of Realtors Online Database
- Spreadsheet software
- CMA Stuffers
- Scheduling software
- Topaz Software Symplifi (CRM feature)
- Panorama Technologies ModelWeaver
- PrimaSoft PC Realtor Organizer Deluxe
- Iseemedia Photovista Panorama
- Agent Business Builder
- Microsoft Excel
- RealData Comparative Lease Analysis
- IBM Lotus 1-2-3
- Wheatworks Real Estate Calculator Suite
- Reality Star ProAGENT Power Series Presentations
- Adobe Systems Adobe Acrobat
- Microsoft Word Hard to Find Contracts
- Internet browser software
- Yardi Systems Yardi Enterprise
- Showing Suite Showing Calendar
- Email software
- HUD-1 software
- Digital contract software
- Microsoft FrontPage
- The IPIX Real Estate Wizard hometour360 Wizard
- Real estate application contract transmission REACT software
- Microsoft PowerPoint
- Real Pro
- Newsletter production software
- Document creation software
- iKorb Real Estate
- Easypano Tourweaver
- Greenbrier Graphics Deed Plotter
- Financial calculators software
- Intuit QuickBooks
- Web page creation and editing software
- SRC Cash Flow Analyzer Pro
- Web-administered databases
- Reveal Systems Truewire
- DeLorme Topo USA
- Showing Suite HomeFollowup
- Home rating software
- OWL Bookkeeping for Realtors
- Real estate investment analysis software
- RealtyStar Real Estate Assistant
- ProForce Ultimate Brochures
- Internet based MLS database software
- Microsoft Outlook
- Lucero System Office Management
- Microsoft Publisher
- Yardi
- Microsoft Word
- ProForce Highlight Flyer Master
- Showing Suite HomeFeedback
- MediaVue
- Showing Suite
- RPIS Silent Flyer
- Front Desk
- Topaz Software Symplifi (business analysis feature)
- Argosy Legal Systems Power Closer
- Commercial and industrial development project cost analysis software
- Panoweaver Panorama
- RealtyStar AgentOffice
- General Magic Portico
- TopProducer
- Microsoft Office
- In-Hand Pocket APOD
- Loan application processing software
- TimeValue software
- FloodMaps
- eGrabber ListGrabber
- Tax software
- Corel WordPerfect
- Navigation software
- Telluride Software Classic Trak-It
- Garmin City Select
- DataBasix Technologies Lead Commander
- Landlord Software Pro Flipper
- Power Real Estate Letters
- Geographic information system GIS software