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