Will “Broker” be Replaced By Robots? 🤔

Job Description

Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.

Job Details

• The SOC (Standard Occupational Classification) code is 41-9021.00
• The Mean Annual Wage in the U.S. is $ 79,340.00
• The Mean Hourly Wage is $ 38.00
• Currently, there are 40,850 people on this job

☝️ Information based on the reference occupation “Real Estate Brokers”.

Also Known As…

• Real Estate Brokers
• Supervising Broker
• Realtor
• Real Estate Sales Associate
• Real Estate Broker
• Real Estate Associate
• Managing Broker
• Designated Broker
• Broker Associate
• Broker Assistant
• Realty Specialist
• Realty Loan Specialist
• Real Estate Salesperson
• Real Estate Closer
• Licensed Real Estate Broker
• Lease Analyst
• Lease Administration Analyst
• Dealer
• Contract Specialist
• Closing Agent
• Buyer Broker
• Broker

Tasks for “Broker”

• Review property details to ensure that environmental regulations are met.
• Supervise agents who handle real estate transactions.
• Sell, for a fee, real estate owned by others.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Develop, sell, or lease property used for industry or manufacturing.
• Give buyers virtual tours of properties in which they are interested, using computers.
• Arrange for financing of property purchases.
• Appraise property values, assessing income potential when relevant.
• Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
• Maintain working knowledge of various factors that determine a farm's capacity to produce, such as agricultural variables and proximity to market centers and transportation facilities.
• Manage or operate real estate offices, handling associated business details.
• Compare a property with similar properties that have recently sold to determine its competitive market price.
• Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
• Rent properties or manage rental properties.
• Arrange for title searches of properties being sold.
• Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
• Obtain agreements from property owners to place properties for sale with real estate firms.

Related Technology & Tools

• Digital cameras
• Photocopying equipment
• Personal digital assistants PDA
• Measuring tapes
• Laptop computers
• Handheld calculators
• Passenger vehicles
• Digital video cameras
• Laser facsimile machines
• Computer laser printers
• Personal computers
• Desktop computers

• Deep Forest Systems OnCite
• Visual Lease
• Enterprise Software Systems CRE Sync
• Lease Cost Solutions LseMod
• Yardi Systems Yardi Voyager Commercial
• Domin-8 Enterprise Solutions Tenant Pro
• Microsoft Outlook
• Showing Suite
• Google Earth Pro
• PropertyBoss Solutions PropertyBoss
• Customer relationship management CRM software
• Real Estate Assistant REA
• Property records databases
• Real estate listing databases
• Microsoft Office
• Intuit QuickBooks
• Adobe Systems Adobe Photoshop
• Property Boulevard
• London Computer Systems Rent Manager
• Microsoft Excel
• Microsoft Word
• Web browser software
• Microsoft Internet Explorer
• Propertyware
• First American CoreLogic RealQuest Pro
• RealData REIA
• Microsoft PowerPoint
• AMTdirect
• AppFolio Property Manager