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