Will “Closing Agent” be Replaced By Robots? 🤔
86% Chance of Automation
“Closing Agent” will probably be replaced by robots.
This job is ranked #497 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.
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Job Description
Rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.
Job Details
- The SOC (Standard Occupational Classification) code is 41-9022.00
- The Mean Annual Wage in the U.S. is $ 59,360.00
- The Mean Hourly Wage is $ 28.00
- Currently, there are 151,840 people on this job
☝️ Information based on the reference occupation “Real Estate Sales Agents”.
Also Known As…
- Real Estate Sales Agents
- Sales Agent
- Realtor
- Real Estate Salesperson
- Real Estate Broker Associate
- Real Estate Broker
- Real Estate Agent
- Broker in Charge
- Broker Associate
- Associate Broker
- Sales Superintendent
- Sales Specialist
- Sales Representative
- Sales Professional
- Sales Consultant
- Right-of-Way Buyer
- Right-of-Way Agent
- Right of Way Agent
- Residential Property Consultant
- Residence Leasing Agent
- Rental Sales Agent
- Real Estate Sales Associate
- Real Estate Sales Agent
- Real Estate Rental Agent
- Real Estate Professional
- Real Estate Listing Consultant
- Real Estate Closer
- Real Estate Agent/Broker
- Leasing Specialist
- Leasing Professional
- Leasing Consultant
- Leasing Agent
- Land Sales Agent
- Land Agent
- Industrial Real Estate Agent
- Contracts Specialist
- Closing Coordinator
- Buyers' Agent
- Building Consultant
- Apartment Rental Agent
- Apartment Leasing Consultant
- Apartment Leasing Agent
- Agricultural Real Estate Agent
- Agent
Tasks for “Closing Agent”
- Contact property owners and advertise services to solicit property sales listings.
- Coordinate appointments to show homes to prospective buyers.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Arrange for title searches to determine whether clients have clear property titles.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- Secure construction or purchase financing with own firm or mortgage company.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Solicit and compile listings of available rental properties.
- Contact utility companies for service hookups to clients' property.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Interview clients to determine what kinds of properties they are seeking.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Visit properties to assess them before showing them to clients.
- Present purchase offers to sellers for consideration.
- Rent or lease properties on behalf of clients.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Appraise properties to determine loan values.
- Advise sellers on how to make homes more appealing to potential buyers.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings to remain knowledgeable about real estate markets.
Related Technology & Tools
- Desktop computers
- Personal computers
- Laptop computers
- Personal digital assistants PDA
- Measuring wheels
- Notebook computers
- Laser printers
- Digital cameras
- Global positioning system GPS receivers
- RPIS Silent Flyer
- SRC Cash Flow Analyzer Pro
- Internet browser software
- Panorama Technologies ModelWeaver
- Wheatworks Real Estate Calculator Suite
- Commercial and industrial development project cost analysis software
- iKorb Real Estate
- National Association of Realtors Online Database
- Agent Business Builder
- Microsoft FrontPage
- Panoweaver Panorama
- MediaVue
- Garmin City Select
- Real Pro
- Microsoft Word Hard to Find Contracts
- Landlord Software Pro Flipper
- Microsoft Excel
- Showing Suite
- ProForce Ultimate Brochures
- Microsoft Office
- TimeValue software
- Reality Star ProAGENT Power Series Presentations
- Iseemedia Photovista Panorama
- Greenbrier Graphics Deed Plotter
- Topaz Software Symplifi (business analysis feature)
- Reveal Systems Truewire
- Topaz Software Symplifi (CRM feature)
- Spreadsheet software
- Argosy Legal Systems Power Closer
- Web page creation and editing software
- RealData Comparative Lease Analysis
- Showing Suite Showing Calendar
- Lucero System Office Management
- TopProducer
- FloodMaps
- General Magic Portico
- Microsoft Outlook
- The IPIX Real Estate Wizard hometour360 Wizard
- RealtyStar Real Estate Assistant
- Microsoft Word
- DeLorme Topo USA
- Showing Suite HomeFeedback
- Navigation software
- Web-administered databases
- In-Hand Pocket APOD
- Newsletter production software
- DataBasix Technologies Lead Commander
- Tax software
- Loan application processing software
- Easypano Tourweaver
- Yardi
- Telluride Software Classic Trak-It
- Real estate application contract transmission REACT software
- Microsoft Publisher
- Home rating software
- ProForce Highlight Flyer Master
- Power Real Estate Letters
- Intuit QuickBooks
- Document creation software
- HUD-1 software
- Front Desk
- Real estate investment analysis software
- Showing Suite HomeFollowup
- Yardi Systems Yardi Enterprise
- Financial calculators software
- OWL Bookkeeping for Realtors
- CMA Stuffers
- Adobe Systems Adobe Acrobat
- Microsoft PowerPoint
- eGrabber ListGrabber
- Scheduling software
- Digital contract software
- Email software
- Internet based MLS database software
- Geographic information system GIS software
- IBM Lotus 1-2-3
- PrimaSoft PC Realtor Organizer Deluxe
- RealtyStar AgentOffice
- Corel WordPerfect