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Updated 2010
Summary Report for:
41-9021.00 - Real Estate Brokers
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.
Sample of reported job titles: Broker, Real Estate Broker, Associate Broker, Realtor, Broker Associate, Real Eastate Sales Associate, Real Estate Agent, Office Administrator, Office Manager, Real Estate Associate
View report: Summary Details Custom
Tasks | Tools & Technology | Knowledge | Skills | Abilities | Work Activities | Work Context | Job Zone | Education | Interests | Work Styles | Work Values | Related Occupations | Wages & Employment | Job Openings | Additional Information
Tasks
Sell, for a fee, real estate owned by others.
Obtain agreements from property owners to place properties for sale with real estate firms.
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.
Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
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.
Check work completed by loan officers, attorneys, or other professionals to ensure that it is performed properly.
Arrange for financing of property purchases.
Appraise property values, assessing income potential when relevant. back to top
Tools & Technology
Tools used in this occupation:
Automobiles or cars — Passenger vehicles
Calculators or accessories — Calculators
Facsimile machines — Fax machines
Photocopiers — Photocopying equipment
Tape measures — Measuring tapes
Technology used in this occupation:
Customer relationship management CRM software — Real Estate Assistant REA
Data base user interface and query software — AMTdirect; Domin-8 Enterprise Solutions Tenant Pro; London Computer Systems Rent Manager; Visual Lease
Electronic mail software — Microsoft Outlook
Internet browser software — Microsoft Internet Explorer *; Web browser software
Spreadsheet software — Microsoft Excel
* Software developed by a government agency and/or distributed as freeware or shareware. back to top
Knowledge
Sales and Marketing — Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
English Language — Knowledge of the structure and content of the English language including