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The differences between real estate assistants and transaction coordinators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a real estate assistant, becoming a transaction coordinator takes usually requires 2-4 years. Additionally, a transaction coordinator has an average salary of $41,792, which is higher than the $41,447 average annual salary of a real estate assistant.
The top three skills for a real estate assistant include MLS, open houses and purchase agreements. The most important skills for a transaction coordinator are customer service, MLS, and escrow companies.
| Real Estate Assistant | Transaction Coordinator | |
| Yearly salary | $41,447 | $41,792 |
| Hourly rate | $19.93 | $20.09 |
| Growth rate | -5% | -3% |
| Number of jobs | 22,043 | 16,804 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 54% |
| Average age | 47 | 42 |
| Years of experience | 2 | 4 |
A real estate assistant is responsible for supporting agents on real estate operations, providing the best customer service for the clients, and assisting with various paperwork. Real estate assistants research lots and properties, analyze the current market trends to compare prices, and create reports for the management's review. They perform administrative and clerical duties as needed, join real estate agents on-site visits, schedule appointments, coordinate with the team for marketing campaigns and promotional events, write proposals, and conduct follow-ups for closing processes.
A transaction coordinator is responsible for performing administrative and clerical duties for the clients regarding their real estate contracts and transactions. Transaction coordinators sometimes do fieldwork to inspect the property area, write findings reports, perform cost and expenses analysis, and inform the clients of required documentation. They also identify resources and other alternatives that would most likely fit the client's budget limitations and interests. A transaction coordinator must have excellent organizational and communication skills, especially in coordinating with other organizations to process the client's requirements for property acquisition.
Real estate assistants and transaction coordinators have different pay scales, as shown below.
| Real Estate Assistant | Transaction Coordinator | |
| Average salary | $41,447 | $41,792 |
| Salary range | Between $31,000 And $54,000 | Between $30,000 And $57,000 |
| Highest paying City | Seattle, WA | White Plains, NY |
| Highest paying state | Washington | New York |
| Best paying company | Ernst & Young | JPMorgan Chase & Co. |
| Best paying industry | Finance | Finance |
There are a few differences between a real estate assistant and a transaction coordinator in terms of educational background:
| Real Estate Assistant | Transaction Coordinator | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between real estate assistants' and transaction coordinators' demographics:
| Real Estate Assistant | Transaction Coordinator | |
| Average age | 47 | 42 |
| Gender ratio | Male, 24.3% Female, 75.7% | Male, 19.0% Female, 81.0% |
| Race ratio | Black or African American, 9.7% Unknown, 4.4% Hispanic or Latino, 21.8% Asian, 8.3% White, 54.8% American Indian and Alaska Native, 0.9% | Black or African American, 9.7% Unknown, 4.3% Hispanic or Latino, 19.3% Asian, 6.8% White, 59.6% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 6% | 7% |