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