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.

Job Task

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

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