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Closing agent hiring summary. Here are some key points about hiring closing agents in the United States:
Here's a step-by-step closing agent hiring guide:
The closing agent hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A closing agent's background is also an important factor in determining whether they'll be a good fit for the position. For example, closing agents from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of closing agents.
| Type of Closing Agent | Description | Hourly rate |
|---|---|---|
| Closing Agent | Real estate brokers and sales agents help clients buy, sell, and rent properties. Although brokers and agents do similar work, brokers are licensed to manage their own real estate businesses... Show more | $16-31 |
| Realtor | A realtor is responsible for processing real estate transactions and assisting clients with their concerns and inquiries about a specific property. A realtor should always work for their clients' best interests, ensuring that proposals work within the client's specified budget and property goals... Show more | $12-25 |
| Title Processor | A title processor is a legal professional who works with clients applying for real estate title to ensure that all documents are submitted correctly. Title processors are required to compile all the necessary legal documents and information so that they can obtain the legal deed to the property... Show more | $14-27 |
Including a salary range in your closing agent job description is one of the best ways to attract top talent. A closing agent can vary based on:
A job description for a closing agent role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a closing agent job description:
There are various strategies that you can use to find the right closing agent for your business:
Your first interview with closing agent candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best closing agent candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new closing agent. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Before you start to hire closing agents, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire closing agents pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $47,582 per year for a closing agent, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for closing agents in the US typically range between $16 and $31 an hour.