Type of Job:

White collar
Generative AI will change white-collar jobs by automating tasks, enhancing work, or reshaping roles. Highly-paid jobs may face the biggest impact, while blue-collar work will likely grow.

What Constitutes Artificial intelligence (AI)?

Artificial Intelligence (AI) is a technology that allows systems, whether software or machine-based, to autonomously make predictions, recommendations, or decisions that impact both real and virtual environments without the need for constant human guidance or intervention.

Sources

Author:

Juan D. Montoya

Juan D. Montoya

Economist and AI researcher.

Will Real Estate Brokers be replaced by AI & Robots?

Real Estate Brokers risk of being automated:

High

This job is highly likely to be substantially automated within the next 20 years, placing it in the upper quartile for automation probability among occupations.

Current Degree of Automation:

43
(1-100)

Source

Key findings

GenAI is revolutionizing the role of Real Estate Brokers by automating tasks like market analysis and data entry, enhancing decision-making processes.

It streamlines complex problem-solving and improves user support through chatbot interactions.

As AI advances, brokers must hone skills in critical thinking and negotiation to leverage this technology effectively, ensuring continued success in the ever-evolving real estate industry.

How could AI or automation replace or complement job activities?

AI and LLMs could be used to automate tasks such as digital data processing, generating property lists, comparing market prices, and giving virtual property tours for Real Estate Agents.

These technologies could streamline operations, freeing up time for agents to focus on negotiations and client relationships.

For example, AI could efficiently process property data and generate accurate market analyses, enhancing the agent’s decision-making process.

Job description

Manages a real estate office or works for a commercial real estate firm, handling real estate transactions. Other responsibilities may include selling or renting properties and arranging loans.

Consequence of Making Errors

54

(1-100)

Moderately serious Source
In manufacturing, the error consequences for real estate brokers are not key to predicting automation trends.

How Repetitive is the Job?

51

(1-100)

Important Source
Real estate brokers often face automation risks due to repetitive tasks like data entry and listing management. However, automation will likely target specific tasks, leaving room for brokers to focus on personal client interactions.
Average Anual salary USD$
$90,930

Source

Number of profesionals in USA
#

Source

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