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