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