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