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