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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

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

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

  • Solicit and compile listings of available rental properties.

  • Rent or lease properties on behalf of clients.

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

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

  • Coordinate appointments to show homes to prospective 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.

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

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

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

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

  • Present purchase offers to sellers for consideration.

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

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

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

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

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

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

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

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

  • Appraise properties to determine loan values.

  • 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.

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

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

  • 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.

  • Contact previous clients for prospecting of referral business.

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

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

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

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

Technologies & Software

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