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Real estate closer hiring summary. Here are some key points about hiring real estate closers in the United States:
Here's a step-by-step real estate closer hiring guide:
A real estate closer is primarily in charge of closing real estate sales, liaising with buyers and sellers most of the time. Their responsibilities typically include preparing and processing legal documents, coordinating with attorneys, delivering paperwork to all parties, and completing all requirements. They must also schedule inspections, appraisals, regular maintenance checks, and repairs when necessary. Furthermore, as a real estate closer, it is essential to maintain an active communication line with all parties involved in real estate sales, all while adhering to the company's policies and regulations.
Before you start hiring a real estate closer, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect real estate closer also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list shows salaries for various types of real estate closers.
| Type of Real Estate Closer | Description | Hourly rate |
|---|---|---|
| Real Estate Closer | 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 | $12-27 |
| Broker | Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members... Show more | $32-109 |
| Escrow Officer | Escrow officers, commonly known as loan officers, are responsible for real estate processing and finalizing deals. They ensure all documents are authentic and prepared, property titles are clear, and financial obligations have been thoroughly met by the buyer and seller... Show more | $17-33 |
Including a salary range in your real estate closer job description helps attract top candidates to the position. A real estate closer salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a real estate closer in Illinois may be lower than in New York, and an entry-level real estate closer usually earns less than a senior-level real estate closer. Additionally, a real estate closer with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $67,527 | $32 |
| 2 | New Jersey | $61,152 | $29 |
| 3 | Virginia | $54,504 | $26 |
| 4 | Arizona | $46,418 | $22 |
| 5 | Massachusetts | $45,636 | $22 |
| 6 | North Carolina | $43,188 | $21 |
| 7 | Washington | $43,096 | $21 |
| 8 | California | $42,509 | $20 |
| 9 | Ohio | $41,969 | $20 |
| 10 | New Mexico | $39,763 | $19 |
| 11 | Texas | $38,327 | $18 |
| 12 | Minnesota | $37,917 | $18 |
| 13 | Utah | $37,857 | $18 |
| 14 | Alabama | $36,599 | $18 |
| 15 | Georgia | $29,970 | $14 |
| 16 | Illinois | $29,043 | $14 |
| 17 | Iowa | $27,808 | $13 |
| 18 | Florida | $27,390 | $13 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Citi | $88,801 | $42.69 | |
| 2 | Marcus & Millichap | $85,805 | $41.25 | 178 |
| 3 | Ernst & Young | $72,752 | $34.98 | 535 |
| 4 | RSM US | $69,357 | $33.34 | 15 |
| 5 | Deloitte | $69,139 | $33.24 | 26 |
| 6 | Crowe | $68,057 | $32.72 | |
| 7 | JPMorgan Chase & Co. | $62,688 | $30.14 | 54 |
| 8 | National Bank of Commerce | $55,841 | $26.85 | |
| 9 | Zions Ban | $49,053 | $23.58 | |
| 10 | University of California-Berkeley | $48,552 | $23.34 | |
| 11 | USAA | $48,403 | $23.27 | |
| 12 | Principal Financial Group | $44,697 | $21.49 | |
| 13 | California Bank of Commerce | $43,976 | $21.14 | |
| 14 | CNA Insurance | $42,211 | $20.29 | |
| 15 | Citizens Alliance | $41,701 | $20.05 | 4 |
| 16 | Honda | $40,886 | $19.66 | |
| 17 | Randstad North America, Inc. | $40,655 | $19.55 | |
| 18 | Robert Half | $39,088 | $18.79 | 41 |
| 19 | SECU | $33,781 | $16.24 | |
| 20 | The Place Family Restaurant | $32,110 | $15.44 |
A real estate closer job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a real estate closer job description:
To find real estate closers for your business, try out a few different recruiting strategies:
To successfully recruit real estate closers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect real estate closer candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new real estate closer first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring real estate closers. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new real estate closer employee.
The median annual salary for real estate closers is $38,896 in the US. However, the cost of real estate closer hiring can vary a lot depending on location. Additionally, hiring a real estate closer for contract work or on a per-project basis typically costs between $12 and $27 an hour.