Will “Designated 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
• Broker Associate
• Broker Assistant
• Broker
• Realty Specialist
• Realty Loan Specialist
• Real Estate Salesperson
• Real Estate Closer
• Licensed Real Estate Broker
• Lease Analyst
• Lease Administration Analyst
• Designated Broker
• Dealer
• Contract Specialist
• Closing Agent
• Buyer Broker

Tasks for “Designated Broker”

• 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 awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.
• 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.
• Obtain agreements from property owners to place properties for sale with real estate firms.
• Review property details to ensure that environmental regulations are met.
• 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.
• Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
• Arrange for title searches of properties being sold.
• Sell, for a fee, real estate owned by others.
• Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.
• Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.
• Manage or operate real estate offices, handling associated business details.
• Rent properties or manage rental properties.
• Supervise agents who handle real estate transactions.
• Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.
• Compare a property with similar properties that have recently sold to determine its competitive market price.

Related Technology & Tools

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

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