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