Will “Real Estate Brokers” 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

Also Known As…

• Supervising Broker
• Realtor
• Real Estate Sales Associate
• Real Estate Broker
• Real Estate Associate
• Managing Broker
• Designated 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
• Dealer
• Contract Specialist
• Closing Agent
• Buyer Broker

Tasks for “Real Estate Brokers”

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

Related Technology & Tools

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

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