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