AITakeover Tracker

Real Estate Brokers

SOC: 41-9021.00 · Job Zone 4 (Considerable preparation)

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.

Wage & Employment (2024)

Median Wage

$72,280

per year

Mean Wage

$91,660

per year

Employment

50K

workers

Wage Range

$36,920 - $166,730

10th - 90th pct

Wage Distribution

$36,920Median: $72,280$166,730

Task Breakdown

19 tasks analyzed

Sell, for a fee, real estate owned by others.

Obtain agreements from property owners to place properties for sale with real estate firms.

Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.

Supervise agents who handle real estate transactions.

Generate lists of properties for sale, their locations, descriptions, and available financing options, using computers.

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.

Maintain knowledge of real estate law, local economies, fair housing laws, types of available mortgages, financing options, and government programs.

Monitor fulfillment of purchase contract terms to ensure that they are handled in a timely manner.

Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.

Rent properties or manage rental properties.

Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of the area where a property is located.

Arrange for financing of property purchases.

Arrange for title searches of properties being sold.

Develop, sell, or lease property used for industry or manufacturing.

Give buyers virtual tours of properties in which they are interested, using computers.

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.

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