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