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