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