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