Will “Realtor” be Replaced By Robots? 🤔
86% Chance of Automation
“Realtor” 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
- Real Estate Salesperson
- Real Estate Broker Associate
- 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
- Realtor
- Real Estate Sales Associate
- Real Estate Sales Agent
- Real Estate Rental Agent
- Real Estate Professional
- Real Estate Listing Consultant
- Real Estate Closer
- 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 “Realtor”
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Coordinate appointments to show homes to prospective buyers.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- Appraise properties to determine loan values.
- Investigate clients' financial and credit status to determine eligibility for financing.
- 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.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Solicit and compile listings of available rental properties.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- 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.
- Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings to remain knowledgeable about real estate markets.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Interview clients to determine what kinds of properties they are seeking.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Secure construction or purchase financing with own firm or mortgage company.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Contact property owners and advertise services to solicit property sales listings.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- 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.
- Contact utility companies for service hookups to clients' property.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Rent or lease properties on behalf of clients.
- Present purchase offers to sellers for consideration.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Visit properties to assess them before showing them to clients.
- Arrange for title searches to determine whether clients have clear property titles.
- Advise sellers on how to make homes more appealing to potential buyers.
Related Technology & Tools
- Notebook computers
- Personal computers
- Laser printers
- Global positioning system GPS receivers
- Digital cameras
- Desktop computers
- Measuring wheels
- Laptop computers
- Personal digital assistants PDA
- Reveal Systems Truewire
- TopProducer
- Microsoft Word Hard to Find Contracts
- Yardi Systems Yardi Enterprise
- Easypano Tourweaver
- Document creation software
- DataBasix Technologies Lead Commander
- RealData Comparative Lease Analysis
- eGrabber ListGrabber
- In-Hand Pocket APOD
- Landlord Software Pro Flipper
- Front Desk
- Showing Suite HomeFeedback
- SRC Cash Flow Analyzer Pro
- Email software
- Showing Suite Showing Calendar
- Microsoft Excel
- MediaVue
- Microsoft Outlook
- Showing Suite HomeFollowup
- Tax software
- Web page creation and editing software
- Yardi
- iKorb Real Estate
- DeLorme Topo USA
- Telluride Software Classic Trak-It
- Financial calculators software
- Power Real Estate Letters
- Internet based MLS database software
- Panoweaver Panorama
- FloodMaps
- Newsletter production software
- IBM Lotus 1-2-3
- Agent Business Builder
- RealtyStar Real Estate Assistant
- Web-administered databases
- TimeValue software
- OWL Bookkeeping for Realtors
- RealtyStar AgentOffice
- The IPIX Real Estate Wizard hometour360 Wizard
- Panorama Technologies ModelWeaver
- Real estate investment analysis software
- National Association of Realtors Online Database
- Intuit QuickBooks
- Lucero System Office Management
- ProForce Ultimate Brochures
- Showing Suite
- Microsoft PowerPoint
- Internet browser software
- RPIS Silent Flyer
- Navigation software
- Spreadsheet software
- Loan application processing software
- ProForce Highlight Flyer Master
- Topaz Software Symplifi (CRM feature)
- Adobe Systems Adobe Acrobat
- PrimaSoft PC Realtor Organizer Deluxe
- Microsoft Publisher
- CMA Stuffers
- Corel WordPerfect
- Argosy Legal Systems Power Closer
- Microsoft Word
- Greenbrier Graphics Deed Plotter
- Geographic information system GIS software
- Iseemedia Photovista Panorama
- Scheduling software
- Commercial and industrial development project cost analysis software
- Wheatworks Real Estate Calculator Suite
- Garmin City Select
- Reality Star ProAGENT Power Series Presentations
- Microsoft Office
- Topaz Software Symplifi (business analysis feature)
- HUD-1 software
- Microsoft FrontPage
- Digital contract software
- General Magic Portico
- Real estate application contract transmission REACT software
- Real Pro
- Home rating software