Will “Real Estate Broker Associate” be Replaced By Robots? 🤔
86% Chance of Automation
“Real Estate Broker Associate” 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
- 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 Associate
- 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 Associate”
- Rent or lease properties on behalf of clients.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Contact property owners and advertise services to solicit property sales listings.
- Present purchase offers to sellers for consideration.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Arrange for title searches to determine whether clients have clear property titles.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- 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.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Contact utility companies for service hookups to clients' property.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Interview clients to determine what kinds of properties they are seeking.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Visit properties to assess them before showing them to clients.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Advise sellers on how to make homes more appealing to potential buyers.
- Solicit and compile listings of available rental properties.
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Appraise properties to determine loan values.
- 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.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- 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.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Coordinate appointments to show homes to prospective buyers.
Related Technology & Tools
- Laser printers
- Global positioning system GPS receivers
- Notebook computers
- Laptop computers
- Digital cameras
- Desktop computers
- Personal computers
- Measuring wheels
- Personal digital assistants PDA
- RealData Comparative Lease Analysis
- Digital contract software
- Argosy Legal Systems Power Closer
- Yardi
- Telluride Software Classic Trak-It
- CMA Stuffers
- Intuit QuickBooks
- Home rating software
- TopProducer
- Topaz Software Symplifi (CRM feature)
- Internet browser software
- RealtyStar Real Estate Assistant
- RealtyStar AgentOffice
- Showing Suite
- Easypano Tourweaver
- Lucero System Office Management
- HUD-1 software
- Microsoft Excel
- Microsoft Publisher
- IBM Lotus 1-2-3
- National Association of Realtors Online Database
- Microsoft FrontPage
- ProForce Highlight Flyer Master
- Internet based MLS database software
- MediaVue
- Iseemedia Photovista Panorama
- Newsletter production software
- Showing Suite HomeFeedback
- SRC Cash Flow Analyzer Pro
- Yardi Systems Yardi Enterprise
- Wheatworks Real Estate Calculator Suite
- OWL Bookkeeping for Realtors
- Microsoft Outlook
- Tax software
- Showing Suite Showing Calendar
- eGrabber ListGrabber
- TimeValue software
- Garmin City Select
- iKorb Real Estate
- Document creation software
- Real Pro
- Commercial and industrial development project cost analysis software
- Financial calculators software
- Microsoft Word Hard to Find Contracts
- Adobe Systems Adobe Acrobat
- Spreadsheet software
- Corel WordPerfect
- Topaz Software Symplifi (business analysis feature)
- Loan application processing software
- Email software
- Scheduling software
- DeLorme Topo USA
- Front Desk
- The IPIX Real Estate Wizard hometour360 Wizard
- Power Real Estate Letters
- Web-administered databases
- RPIS Silent Flyer
- Real estate application contract transmission REACT software
- General Magic Portico
- PrimaSoft PC Realtor Organizer Deluxe
- Microsoft Word
- Real estate investment analysis software
- Greenbrier Graphics Deed Plotter
- Navigation software
- Microsoft PowerPoint
- Panorama Technologies ModelWeaver
- In-Hand Pocket APOD
- ProForce Ultimate Brochures
- Panoweaver Panorama
- DataBasix Technologies Lead Commander
- Showing Suite HomeFollowup
- Web page creation and editing software
- Landlord Software Pro Flipper
- Reveal Systems Truewire
- FloodMaps
- Microsoft Office
- Geographic information system GIS software
- Reality Star ProAGENT Power Series Presentations
- Agent Business Builder