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