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