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