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Automation Risk Analysis

Will “Closing Agent” be Automated?

Historical Context: Oxford Study (2013)

Ranked #497 of 702. Estimated risk: 86.0%

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AI Exposure Risk

52%

“Closing Agent” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 52% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

30%

“Closing Agent” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 30% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Real Estate Sales Agents, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: 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.

Avg. Annual Salary $70,970
Avg. Hourly Wage $34.12
Available Jobs (US) 190,600
Job Title & Hierarchy Code (SOC) Real Estate Sales Agents #41-9022
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Real Estate Sales Agents”

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Core Skills & Abilities

  • Advise clients on market conditions, prices, mortgages, legal requirements, and related matters.

  • Advise sellers on how to make homes more appealing to potential buyers.

  • Coordinate property closings, overseeing signing of documents and disbursement of funds.

  • Display commercial, industrial, agricultural, and residential properties to clients and explain their features.

  • Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.

  • Conduct seminars and training sessions for sales agents to improve sales techniques.

  • Compare a property with similar properties that have recently sold to determine its competitive market price.

  • Generate lists of properties that are compatible with buyers' needs and financial resources.

  • Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings, to remain knowledgeable about real estate markets.

  • Rent or lease properties on behalf of clients.

  • Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.

  • Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.

  • Prepare documents such as representation contracts, purchase agreements, closing statements, deeds, and leases.

  • Review plans for new construction with clients, enumerating and recommending available options and features.

  • Interview clients to determine what kinds of properties they are seeking.

  • Secure construction or purchase financing with own firm or mortgage company.

  • Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.

  • Contact property owners and advertise services to solicit property sales listings.

  • Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.

  • Investigate clients' financial and credit status to determine eligibility for financing.

  • Present purchase offers to sellers for consideration.

  • Contact utility companies for service hookups to clients' property.

  • Solicit and compile listings of available rental properties.

  • Arrange for title searches to determine whether clients have clear property titles.

  • Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.

  • Promote sales of properties through advertisements, open houses, and participation in multiple listing services.

  • Appraise properties to determine loan values.

  • Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.

  • 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.

  • Arrange meetings between buyers and sellers when details of transactions need to be negotiated.

  • Coordinate appointments to show homes to prospective buyers.

  • Visit properties to assess them before showing them to clients.

  • Contact previous clients for prospecting of referral business.

Technologies & Software

  • Microsoft Teams
  • Telluride Software Classic Trak-It
  • Power Real Estate Letters
  • Newsletter production software
  • TopProducer
  • FloodMaps
  • Home rating software
  • Real estate investment analysis software
  • Kimi (Moonshot AI)
  • Reality Star ProAGENT Power Series Presentations
  • DeepSeek
  • Zoom
  • Geographic information system GIS software
  • Garmin City Select
  • Xactware Xactimate
  • Agent Business Builder
  • Microsoft Outlook
  • Email software
  • Qwen (Alibaba)
  • Gemini (Google)
  • Easypano Tourweaver
  • National Association of Realtors Online Database
  • Moxi Works MoxiEngage
  • CMA Stuffers
  • Commercial and industrial development project cost analysis software
  • iKorb Real Estate
  • The IPIX Real Estate Wizard hometour360 Wizard
  • eGrabber ListGrabber
  • Fund accounting software
  • Microsoft Publisher
  • Navigation software
  • OWL Bookkeeping for Realtors
  • SRC Cash Flow Analyzer Pro
  • Reveal Systems Truewire
  • Realtors Property Resource RPR
  • Moxi Works MoxiImpress
  • Microsoft Dynamics
  • RealtyStar AgentOffice
  • Digital contract software
  • Panoweaver Panorama
  • Microsoft Office software
  • Showing Suite HomeFeedback
  • Adobe Acrobat
  • Wheatworks Real Estate Calculator Suite
  • HUD-1 software
  • ProForce Ultimate Brochures
  • Mistral (Mistral AI)
  • Showing Suite HomeFollowup
  • Greenbrier Graphics Deed Plotter
  • Real estate application contract transmission REACT software
  • Iseemedia Photovista Panorama
  • Salesforce Einstein AI
  • TimeValue software
  • HubSpot AI
  • Social media sites
  • Internet based MLS database software
  • Tax software
  • Gemini for Workspace
  • Web page creation and editing software
  • Yardi software
  • Loom
  • Showing Suite Showing Calendar
  • Real Pro
  • DeLorme Topo USA
  • DataBasix Technologies Lead Commander
  • Clari AI
  • Napkin AI
  • Gong.io
  • Panorama Technologies ModelWeaver
  • Nova (Amazon)
  • Scheduling software
  • Microsoft FrontPage
  • ChatGPT (OpenAI)
  • Microsoft PowerPoint
  • Document creation software
  • RealData Comparative Lease Analysis
  • Google Drive
  • Facebook
  • Spreadsheet software
  • Lucero System Office Management
  • RPIS Silent Flyer
  • General Magic Portico
  • FaceTime
  • Intuit QuickBooks
  • Microsoft Word
  • RealtyStar Real Estate Assistant
  • LinkedIn
  • Moxi Works MoxiPresent
  • Financial calculators software
  • Meta Business AI
  • Llama (Meta)
  • Argosy Legal Systems Power Closer
  • Drift (Conversational AI)
  • IBM Lotus 1-2-3
  • PrimaSoft PC Realtor Organizer Deluxe
  • In-Hand Pocket APOD
  • Web-administered databases
  • Loan application processing software
  • Microsoft Project
  • Microsoft Excel
  • Yardi Systems Yardi Enterprise
  • MediaVue
  • Canva
  • Google Docs
  • Internet browser software
  • Claude (Anthropic)
  • Topaz Software Symplifi (business analysis feature)
  • ProForce Highlight Flyer Master
  • Showing Suite real estate software
  • DocuSign eSignature
  • Front Desk
  • Google Ads
  • Corel WordPerfect Office Suite
  • Grok (xAI)
  • Landlord Software Pro Flipper
  • Topaz Software Symplifi (CRM feature)
  • Notebook computers
  • Personal digital assistants PDA
  • Laptop computers
  • Digital cameras
  • Personal computers
  • Desktop computers
  • Measuring wheels
  • Laser printers
  • Global positioning system GPS receivers