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