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