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