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