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