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