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”
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Visit properties to assess them before showing them to clients.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- Coordinate appointments to show homes to prospective buyers.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- Present purchase offers to sellers for consideration.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Answer clients' questions regarding construction work, financing, maintenance, repairs, and appraisals.
- Generate lists of properties that are compatible with buyers' needs and financial resources.
- 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.
- 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.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- Contact property owners and advertise services to solicit property sales listings.
- Interview clients to determine what kinds of properties they are seeking.
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Arrange for title searches to determine whether clients have clear property titles.
- Contact utility companies for service hookups to clients' property.
- 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.
- Secure construction or purchase financing with own firm or mortgage company.
- Advise sellers on how to make homes more appealing to potential buyers.
- Solicit and compile listings of available rental properties.
- Rent or lease properties on behalf of clients.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- 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
- Notebook computers
- Personal computers
- Measuring wheels
- Desktop computers
- Global positioning system GPS receivers
- Personal digital assistants PDA
- Laptop computers
- Laser printers
- Digital cameras
- General Magic Portico
- Landlord Software Pro Flipper
- Spreadsheet software
- Microsoft FrontPage
- Scheduling software
- IBM Lotus 1-2-3
- Power Real Estate Letters
- RealtyStar Real Estate Assistant
- Corel WordPerfect
- Lucero System Office Management
- Yardi
- National Association of Realtors Online Database
- Panoweaver Panorama
- iKorb Real Estate
- Email software
- Microsoft Excel
- Showing Suite HomeFollowup
- SRC Cash Flow Analyzer Pro
- TopProducer
- Microsoft Word Hard to Find Contracts
- Loan application processing software
- Document creation software
- Reality Star ProAGENT Power Series Presentations
- MediaVue
- Easypano Tourweaver
- OWL Bookkeeping for Realtors
- HUD-1 software
- Real estate application contract transmission REACT software
- Internet browser software
- Real Pro
- Agent Business Builder
- Financial calculators software
- Microsoft Publisher
- Iseemedia Photovista Panorama
- Panorama Technologies ModelWeaver
- PrimaSoft PC Realtor Organizer Deluxe
- Microsoft PowerPoint
- Showing Suite Showing Calendar
- Microsoft Outlook
- Newsletter production software
- Adobe Systems Adobe Acrobat
- Reveal Systems Truewire
- Microsoft Word
- Greenbrier Graphics Deed Plotter
- DeLorme Topo USA
- Web page creation and editing software
- Topaz Software Symplifi (CRM feature)
- Wheatworks Real Estate Calculator Suite
- TimeValue software
- CMA Stuffers
- Internet based MLS database software
- RealData Comparative Lease Analysis
- Argosy Legal Systems Power Closer
- Showing Suite
- The IPIX Real Estate Wizard hometour360 Wizard
- Commercial and industrial development project cost analysis software
- Geographic information system GIS software
- Navigation software
- Garmin City Select
- Web-administered databases
- eGrabber ListGrabber
- Intuit QuickBooks
- RealtyStar AgentOffice
- In-Hand Pocket APOD
- Yardi Systems Yardi Enterprise
- Showing Suite HomeFeedback
- DataBasix Technologies Lead Commander
- Microsoft Office
- Home rating software
- Real estate investment analysis software
- RPIS Silent Flyer
- FloodMaps
- Topaz Software Symplifi (business analysis feature)
- ProForce Highlight Flyer Master
- ProForce Ultimate Brochures
- Digital contract software
- Front Desk
- Tax software
- Telluride Software Classic Trak-It