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