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

Tasks for “Real Estate Associate”

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

Related Technology & Tools

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

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