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How exposed to AI is a Real Estate Broker?

Of the 19 tasks O*NET lists for real estate brokers, 2 could be done in half the time with a chat window today. 5 cannot be sped up at all. Here is which.

Exposure means published research judged an AI could halve the time a task takes, at the same quality. It does not mean the task stops needing a person. How to read this

Also called
BrokerBroker AssociateDesignated BrokerManaging BrokerReal Estate AssociateReal Estate BrokerReal Estate Sales AssociateRealtor
Reachable today Needs software built first Cannot be sped up
19
tasks rated for this occupation
54%
hold a degree, from a survey of 22
48k
people do this job in the US
11 of 22
least protected in sales

Every task, and what AI can do with it

These are O*NET's task statements for this occupation, exactly as written, sorted into the three bands by the ratings behind this report. Nothing has been reworded.

Reachable with a chat window today

2
  • 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

Only with software built on top

12
  • 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
  • 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
  • Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of a property's area
  • Arrange for title searches of properties being sold
  • Supervise agents who handle real estate transactions
  • Arrange for financing of property purchases
  • Give buyers virtual tours of properties in which they are interested, using computers
  • 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

Cannot be sped up

5
  • 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
  • Rent properties or manage rental properties
  • Appraise property values, assessing income potential when relevant
  • Develop, sell, or lease property used for industry or manufacturing
What this does not say

This is not a prediction about your job

Nobody surveyed an employer. Tasks are counted equally, so a percentage here is a share of the list rather than a share of your week. And the ratings were made in 2023, which makes every figure a floor rather than a ceiling.

It must never be used to select anyone for redundancy. The full limits are here.

Where to go next

This is the standard task list for the title. The useful next question is which of the tasks you actually do should go near AI, and which should not.

Sort your own tasks Read the full report

Exposure ratings from Eloundou, Manning, Mishkin and Rock, GPTs are GPTs: Labor market impact potential of LLMs, Science 384, 1306–1308, 2024, used under the MIT licence. This page includes information from the O*NET Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. People Team AI has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications. Employment figures from the US Bureau of Labor Statistics.