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