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