Best answer: What do real estate transaction coordinators make?

How much does a Real Estate Transaction Coordinator make? The average Real Estate Transaction Coordinator salary is $46,189 as of November 29, 2021, but the salary range typically falls between $40,739 and $53,545.

How much should I charge as a transaction coordinator?

How much does a transaction coordinator cost? You can pay anywhere from $250 to $450 for an average coordinator. However, these fees usually just indicate that the coordinator will review all of the details of the transaction and sign off on them.

Do transaction coordinators make good money?

Salary Ranges for Transaction Coordinators

The salaries of Transaction Coordinators in the US range from $45,320 to $129,700 , with a median salary of $85,240 . The middle 60% of Transaction Coordinators makes $85,240, with the top 80% making $129,700.

Do transaction coordinators get commission?

Most often, a transaction coordination fee is only paid once, which means your TC doesn’t work on commission. … Transaction Coordinators also make sure that a sale is completed as quickly as possible.

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Is a transaction coordinator worth it?

A licensed transaction coordinator can be tough to find, but the experience and knowledge that comes along with their certification is sure to prove worth it. After all, a lack of experience is sure to lead to delays and hurdles in the event that administrative tasks are overlooked or forgotten.

How do you become a successful transaction coordinator?

Top 5 Traits of a Great Real Estate Transaction Coordinator

  1. Great Customer Service. …
  2. Detail-Oriented. …
  3. Flexibility. …
  4. Great Systems. …
  5. Communication.

How do you become a real estate transaction coordinator?

How to Start a Real Estate Transaction Coordinator Business

  1. Choose a Business Name. …
  2. Set Up Your Legal Business Entity. …
  3. Acquire the Right License. …
  4. Learn the Basics of Real Estate Transaction Coordination. …
  5. Choose the Right Transaction Coordinator Software. …
  6. Set Your Rates. …
  7. Start Marketing Your New Company.

How much does a transaction coordinator make at Redfin?

How much does a Transaction Coordinator at Redfin make? The typical Redfin Transaction Coordinator salary is $22 per hour. Transaction Coordinator salaries at Redfin can range from $16 – $33 per hour.

What are the duties of a transaction coordinator?

The transaction coordinator often handles the administrative work of the real estate transaction. This can include preparing and submitting purchase documentation, gathering information or documentation from you (the buyer or seller), communicating with other real estate agents, and more.

How much do transaction coordinators make in Los Angeles?

Transaction Coordinator in Los Angeles, CA Area Salaries

Job Title Location Salary
Compass Transaction Coordinator salaries – 5 salaries reported Los Angeles, CA Area $73,567/yr
Redfin Transaction Coordinator salaries – 3 salaries reported Los Angeles, CA Area $23/hr
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How do you introduce yourself as a transaction coordinator?

Thank you for trusting us to lead your home buying experience. Please allow me to introduce myself. My name is [NAME], and I will be the Transaction Coordinator who will be working with you and [AGENT’S NAME]. We will work together to ensure that your homebuying experience runs smoothly and seamlessly.

What is TC fee?

Typically, when hiring a transaction coordination service, the fee is around $350-$500. … If you’re looking to hire a personal TC, the expense is usually charged at an hourly rate versus a single fee. So be sure to hire someone you know will be efficient. Transactly charges $350 per transaction, payable at closing.

How do I become a virtual transaction coordinator?

To become a virtual real estate transaction coordinator, you need to have many of the same skills and qualifications as a traditional real estate TC, including a bachelor’s degree and three years of experience in real estate.

Why should I hire a transaction coordinator?

Hiring a transaction coordinator allows you to control your time by limiting interruptions once a contract has been ratified. … This allows you to move onto new clients and get them under contract to increase your business.

What does TC stand for in real estate?

A transaction coordinator (TC) handles many of the administrative duties related to buying and selling a home. They typically work closely with real estate agents to ensure that your transaction proceeds smoothly. Home sellers and buyers do not need to hire a transaction coordinator directly.

Why do you want to be a transaction coordinator?

A TC can handle admin and communication (better than you ever could) Closing a home sale involves tons of paperwork and tasks that can drag on for hours or days. … Getting a TC to handle this gives you and your team more time to focus on client service and sales!

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