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