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.
- • 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.
- • Maintain awareness of current income tax regulations, local zoning, building and tax laws, and growth possibilities of a property's area.
- • Manage or operate real estate offices, handling associated business details.
- • Supervise agents who handle real estate transactions.
- • Rent properties or manage rental properties.
- • Arrange for title searches of properties being sold.
- • Give buyers virtual tours of properties in which they are interested, using computers.
- • Review property details to ensure that environmental regulations are met.
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Financial Services
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O*NET occupational data (work activities, skills, knowledge).
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Last reviewed: Jan 2026
