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