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