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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

  • 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.

  • Coordinate appointments to show homes to prospective buyers.

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

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

  • 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.

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

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

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

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

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

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

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

  • Solicit and compile listings of available rental properties.

  • 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.

  • Contact previous clients for prospecting of referral business.

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

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

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

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

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

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

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

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

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

  • Rent or lease properties on behalf of clients.

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

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

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

  • Appraise properties to determine loan values.

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

Technologies & Software

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