Question: What Are The Duties Of A Real Estate Transaction Coordinator?

How much do real estate transaction coordinators make per transaction?

However, these example jobs are paid fairly similarly to Real Estate Transaction Coordinator jobs, with a range of just $57,993 (85.5%) to $111,228 (117.8%) more than the average Real Estate Transaction Coordinator salary of $38,792..

How much does a real estate assistant make per hour?

Real Estate Assistant SalariesJob TitleSalaryKeller Williams Real Estate Assistant salaries – 7 salaries reported$16/hrRE/MAX Real Estate Assistant salaries – 7 salaries reported$11/hrBank of America Real Estate Assistant salaries – 6 salaries reported$49,467/yr17 more rows

Does a transaction coordinator have to be licensed?

To become a real estate transaction coordinator, you will first need to check the requirements of your state. Certification is required in most states, and each state has different regulations. Most real estate coordinators have a background in real estate as licensed brokers or sellers.

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.

What is a real estate listing manager?

A Listing Manager at a residential real estate firm is an administrative role which assists the Licensed Real Estate Listing Agent with all aspects of the sale of a home. … The Listing Manager will exclusive work with seller clients.

What is transaction coordination?

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. … Communicating updates to clients, agents, lenders, and other people involved in the transaction.

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.

What do you need to be a transaction coordinator?

LICENSED REAL ESTATE PROFESSIONALS must attend and successfully pass the following courses:Fundamentals of Transaction Coordination.Transaction Talk (A Communication Workshop for REALTORS®/Lenders/Escrow Officers)Two electives from the list below.

How much does a closing coordinator make an hour?

Closing Coordinator SalariesJob TitleSalaryServiceLink Closing Coordinator salaries – 24 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

How do title closers get paid?

The closers are usually independent contractors called upon by title agencies and lawyers. … Typically, title companies pay closers $35 to $50 per closing, and closers rely heavily on tips — ranging from $150 to $250 — paid by the seller.

How do I become a transaction manager?

Transaction Manager Requirements:Bachelor’s degree in Project Management or Real Estate.Previous experience in Project Management or Commercial Real Estate.A strategic thinker.Highly analytical and detail-oriented.Strong knowledge of legal procedures and policies.Proficient in MS Office.Highly dependable.

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.

How much does a closing agent make?

CLOSING AGENT SalariesJob TitleSalaryTitle Resource Group CLOSING AGENT salaries – 1 salaries reported$16/hrMcDonnell and Associates CLOSING AGENT salaries – 1 salaries reported$47,789/yrWallack Management CLOSING AGENT salaries – 1 salaries reported$60,930/yr17 more rows

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.

How much does a listing coordinator make?

What is the average salary for jobs related to “licensed real estate listing coordinator”? The average salary for “licensed real estate listing coordinator” ranges from approximately $41,965 yearly for Transaction Coordinator to $82,107 yearly for Real Estate Agent.