Will “Closing Coordinator” be Replaced By Robots? 🤔
86% Chance of Automation
“Closing Coordinator” 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 Agent
- Buyers' Agent
- Building Consultant
- Apartment Rental Agent
- Apartment Leasing Consultant
- Apartment Leasing Agent
- Agricultural Real Estate Agent
- Agent
Tasks for “Closing Coordinator”
- Advise sellers on how to make homes more appealing to potential buyers.
- 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.
- 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.
- Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
- 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.
- Coordinate appointments to show homes to prospective buyers.
- Inspect condition of premises, and arrange for necessary maintenance or notify owners of maintenance needs.
- Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
- Arrange meetings between buyers and sellers when details of transactions need to be negotiated.
- Coordinate property closings, overseeing signing of documents and disbursement of funds.
- Interview clients to determine what kinds of properties they are seeking.
- Rent or lease properties on behalf of clients.
- Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
- Contact utility companies for service hookups to clients' property.
- Conduct seminars and training sessions for sales agents to improve sales techniques.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Arrange for title searches to determine whether clients have clear property titles.
- Review plans for new construction with clients, enumerating and recommending available options and features.
- Appraise properties to determine loan values.
- Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
- Visit properties to assess them before showing them to clients.
- Investigate clients' financial and credit status to determine eligibility for financing.
- Locate and appraise undeveloped areas for building sites, based on evaluations of area market conditions.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
- Present purchase offers to sellers for consideration.
- Evaluate mortgage options to help clients obtain financing at the best prevailing rates and terms.
- Secure construction or purchase financing with own firm or mortgage company.
- Develop networks of attorneys, mortgage lenders, and contractors to whom clients may be referred.
- Solicit and compile listings of available rental properties.
- Contact property owners and advertise services to solicit property sales listings.
Related Technology & Tools
- Measuring wheels
- Personal computers
- Desktop computers
- Laser printers
- Laptop computers
- Personal digital assistants PDA
- Global positioning system GPS receivers
- Notebook computers
- Digital cameras
- Loan application processing software
- OWL Bookkeeping for Realtors
- Power Real Estate Letters
- Panoweaver Panorama
- RealtyStar Real Estate Assistant
- Agent Business Builder
- TimeValue software
- iKorb Real Estate
- Real Pro
- Web page creation and editing software
- Microsoft Publisher
- Iseemedia Photovista Panorama
- SRC Cash Flow Analyzer Pro
- Microsoft Excel
- Topaz Software Symplifi (business analysis feature)
- Spreadsheet software
- Microsoft Word Hard to Find Contracts
- MediaVue
- Microsoft Word
- Real estate investment analysis software
- The IPIX Real Estate Wizard hometour360 Wizard
- RealData Comparative Lease Analysis
- DeLorme Topo USA
- Panorama Technologies ModelWeaver
- Greenbrier Graphics Deed Plotter
- RPIS Silent Flyer
- Internet browser software
- Email software
- eGrabber ListGrabber
- Microsoft Outlook
- Argosy Legal Systems Power Closer
- ProForce Highlight Flyer Master
- Yardi
- In-Hand Pocket APOD
- ProForce Ultimate Brochures
- Scheduling software
- Internet based MLS database software
- Easypano Tourweaver
- Reveal Systems Truewire
- Showing Suite HomeFeedback
- Document creation software
- Geographic information system GIS software
- Yardi Systems Yardi Enterprise
- Microsoft FrontPage
- TopProducer
- Front Desk
- Home rating software
- Topaz Software Symplifi (CRM feature)
- Showing Suite Showing Calendar
- HUD-1 software
- Lucero System Office Management
- Newsletter production software
- Intuit QuickBooks
- National Association of Realtors Online Database
- Reality Star ProAGENT Power Series Presentations
- Corel WordPerfect
- Garmin City Select
- FloodMaps
- PrimaSoft PC Realtor Organizer Deluxe
- Microsoft PowerPoint
- RealtyStar AgentOffice
- Web-administered databases
- DataBasix Technologies Lead Commander
- Navigation software
- Showing Suite HomeFollowup
- Landlord Software Pro Flipper
- General Magic Portico
- IBM Lotus 1-2-3
- Financial calculators software
- Commercial and industrial development project cost analysis software
- Microsoft Office
- CMA Stuffers
- Tax software
- Wheatworks Real Estate Calculator Suite
- Adobe Systems Adobe Acrobat
- Digital contract software
- Telluride Software Classic Trak-It
- Real estate application contract transmission REACT software
- Showing Suite