What Does A Real Estate Transaction Coordinator Make?

What are the duties of a transaction coordinator?

A transaction coordinator, or TC, is someone who assists a real estate agent by performing the administrative duties required during each stage of a transaction from contract to closing.

Duties include: Opening escrow.

Coordinating inspections, repair negotiations, and completion of repairs..

How do I become a transaction coordinator?

Most real estate coordinators have a background in real estate as licensed brokers or sellers. Though experience in estate transaction or with a real estate corporation is preferred by some employers, non-licensed professionals can still become transaction coordinators with training.

How much does Keller Williams pay?

The typical Keller Williams Real Estate Agent salary is $52,293. Real Estate Agent salaries at Keller Williams can range from $1 – $215,726.

How much does a real estate closing coordinator make?

National Average As of , the average annual pay for a Real Estate Closing Coordinator in the United States is $38,012 a year. Just in case you need a simple salary calculator, that works out to be approximately $18.27 an hour.

How much should you pay a transaction coordinator?

If you have to go outside, on average, it costs anywhere from $300 to $500 per transaction. It’s going to depend on the services for your market, and what services you are expecting the TC to perform. The good news is that most only get paid if you get paid.

How much does a closing coordinator make an hour?

Closing Coordinator SalariesJob TitleSalaryServiceLink Closing Coordinator salaries – 23 salaries reported$15/hrMortgage Connect Closing Coordinator salaries – 17 salaries reported$15/hrD.R. Horton Closing Coordinator salaries – 12 salaries reported$44,132/yr17 more rows

What does a real estate closing coordinator do?

Making sure your real estate transaction runs smoothly from start to finish is, in a nutshell, what a closing coordinator does. From the moment the contract is ratified between buyer and seller, the agent brings the contract in-house and the coordinator takes over.

How do I start a real estate transaction coordinator?

How to Start a Real Estate Transaction Coordinator BusinessChoose a Business Name. … Set Up Your Legal Business Entity. … Acquire the Right License. … Learn the Basics of Real Estate Transaction Coordination. … Choose the Right Transaction Coordinator Software. … Set Your Rates. … Start Marketing Your New Company. … Ask for Testimonials and Referrals.

What makes a good transaction coordinator?

The core skills of a real estate transaction coordinator relate the selling process一attention to detail, time management, and being highly organized. … Excellent communication skills are necessary for your responsibilities; talking to multiple people and juggling multiple schedules is a large part of the job.

How do you market a transaction coordinator?

Now let’s look at some easy ways to market your transaction coordinator business for free!Meetups. Look in your town for networking opportunities. … Cooperating Agents. This is a big one. … 3. Facebook. Here’s another great statistic from the National Association of Realtors. … LinkedIn. … Open Houses.

What does a real estate listing coordinator do?

A listing coordinator manages the real estate listing process to sell homes quickly. … Additionally, they coordinate open houses, showings, and cleanings for properties and track the team’s sales activity.

What does a real estate transaction manager do?

A real estate transaction manager monitors real estate transactions for their company until closing. Job duties involve organizing transactions, communicating with the parties involved, filing required documentation, and resolving any issues that arise.