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