Real Estate Brokers

AUTOMATION RISK
CALCULATED
57%
risk level
POLLING
47%
Based on 192 votes
LABOR DEMAND
GROWTH
5.7%
by year 2032
WAGES
$63,060
or $30.31 per hour
Volume
51,350
as of 2023
SUMMARY
JOB SCORE
4.7/10

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Automation risk

57% (Moderate Risk)

Moderate Risk (41-60%): Occupations with a moderate risk of automation usually involve routine tasks but still require some human judgment and interaction.

More information on what this score is, and how it is calculated is available here.

Some quite important qualities of the job are difficult to automate:

  • Negotiation

  • Persuasion

  • Social Perceptiveness

User poll

47% chance of full automation within the next two decades

Our visitors have voted they are unsure if this occupation will be automated. This assessment is further supported by the calculated automation risk level, which estimates 57% chance of automation.

What do you think the risk of automation is?

What is the likelihood that Real Estate Brokers will be replaced by robots or artificial intelligence within the next 20 years?






Sentiment

The following graph(s) are included wherever there is a substantial amount of votes to render meaningful data. These visual representations display user poll results over time, providing a significant indication of sentiment trends.

Sentiment over time (yearly)

Growth

Moderate growth relative to other professions

The number of 'Real Estate Brokers' job openings is expected to rise 5.7% by 2032

Total employment, and estimated job openings

* Data from the Bureau of Labor Statistics for the period between 2021 and 2031
Updated projections are due 09-2023.

Wages

Moderately paid relative to other professions

In 2023, the median annual wage for 'Real Estate Brokers' was $63,060, or $30 per hour

'Real Estate Brokers' were paid 31.2% higher than the national median wage, which stood at $48,060

Wages over time

* Data from the Bureau of Labor Statistics

Volume

Moderate range of job opportunities compared to other professions

As of 2023 there were 51,350 people employed as 'Real Estate Brokers' within the United States.

This represents around < 0.001% of the employed workforce across the country

Put another way, around 1 in 2 thousand people are employed as 'Real Estate Brokers'.

Job 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.

SOC Code: 41-9021.00

Resources

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Comments

Keri Duffy (Low) says
Every house is different with subjective and objective positive and negative qualities.

As is every buyer/seller has a unique personality, goals and circumstances.

No transaction is the same.
Feb 01, 2024 at 05:40 PM
Jorgen Hogset (Highly likely) says
Middle men who do basically no work will be the primary target of AI-researchers because there is no sympathy for those that do this type of work.
Sep 24, 2023 at 02:59 PM
Nick (Highly likely) says
Likely because AI complete the majority of the tasks that a Realtor does.
Dec 15, 2022 at 08:25 PM
JAToledo (Moderate) says
Buyers don't want to go see real estate, but they want to be sure that the property is in excellent condition. The less they travel, the better and the price they want low compared to the market.
Nov 25, 2019 at 12:23 AM
Anon (Moderate) says
There's definitely a communication aspect. However, a lot of people from my generation (20 somethings) are weirdos and hate talking to people, so this will probably be a miracle for them.
Jun 22, 2019 at 02:59 AM

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