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