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