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