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