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