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”

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

Related Technology & Tools

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

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