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”
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Visit properties to assess them before showing them to clients.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Contact property owners and advertise services to solicit property sales listings.
- Contact utility companies for service hookups to clients' property.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- 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.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- 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.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Present purchase offers to sellers for consideration.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Solicit and compile listings of available rental properties.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- Arrange for title searches to determine whether clients have clear property titles.
- Secure construction or purchase financing with own firm or mortgage company.
- Interview clients to determine what kinds of properties they are seeking.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Appraise properties to determine loan values.
- Rent or lease properties on behalf of clients.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Advise sellers on how to make homes more appealing to potential buyers.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
Related Technology & Tools
- Global positioning system GPS receivers
- Personal computers
- Personal digital assistants PDA
- Notebook computers
- Digital cameras
- Measuring wheels
- Laptop computers
- Laser printers
- Desktop computers
- Showing Suite
- Microsoft Outlook
- National Association of Realtors Online Database
- Garmin City Select
- CMA Stuffers
- Corel WordPerfect
- Front Desk
- Topaz Software Symplifi (CRM feature)
- Microsoft PowerPoint
- Power Real Estate Letters
- TimeValue software
- Internet browser software
- Lucero System Office Management
- In-Hand Pocket APOD
- Geographic information system GIS software
- Navigation software
- eGrabber ListGrabber
- ProForce Highlight Flyer Master
- OWL Bookkeeping for Realtors
- Greenbrier Graphics Deed Plotter
- IBM Lotus 1-2-3
- SRC Cash Flow Analyzer Pro
- Newsletter production software
- Loan application processing software
- Intuit QuickBooks
- HUD-1 software
- Real Pro
- Real estate application contract transmission REACT software
- Argosy Legal Systems Power Closer
- Topaz Software Symplifi (business analysis feature)
- Panoweaver Panorama
- Telluride Software Classic Trak-It
- Real estate investment analysis software
- FloodMaps
- Easypano Tourweaver
- Digital contract software
- Microsoft FrontPage
- Showing Suite Showing Calendar
- Email software
- Internet based MLS database software
- Reality Star ProAGENT Power Series Presentations
- Panorama Technologies ModelWeaver
- Scheduling software
- PrimaSoft PC Realtor Organizer Deluxe
- TopProducer
- Tax software
- RealData Comparative Lease Analysis
- RPIS Silent Flyer
- Landlord Software Pro Flipper
- Microsoft Word Hard to Find Contracts
- Wheatworks Real Estate Calculator Suite
- Reveal Systems Truewire
- RealtyStar AgentOffice
- General Magic Portico
- Adobe Systems Adobe Acrobat
- Agent Business Builder
- MediaVue
- Home rating software
- Showing Suite HomeFollowup
- Yardi Systems Yardi Enterprise
- Yardi
- Document creation software
- Web page creation and editing software
- The IPIX Real Estate Wizard hometour360 Wizard
- Showing Suite HomeFeedback
- Microsoft Publisher
- RealtyStar Real Estate Assistant
- iKorb Real Estate
- Spreadsheet software
- Financial calculators software
- Iseemedia Photovista Panorama
- Web-administered databases
- DataBasix Technologies Lead Commander
- Microsoft Excel
- DeLorme Topo USA
- Commercial and industrial development project cost analysis software
- Microsoft Word
- Microsoft Office
- ProForce Ultimate Brochures