Single Agent vs. Transaction Broker

A single agent is a broker who represents either the buyer or the seller, but not both in the same transaction. While a transaction broker provides a limited form of representation to a buyer, seller, or both during a transaction, but does not represent either in a fiduciary capacity.

How To Become A Transaction Coordinator: What It Is and Career Path

What is a transaction coordinator and how to become one

Updated January 8, 2025

4 min read

A transaction coordinator manages administrative tasks in real estate transactions. They work with agents, buyers, sellers, lenders, and other parties to complete the necessary paperwork and tasks on time. A transaction coordinator tracks deadlines, organizes documents, communicates with parties, and facilitates the closing process. They also act as a liaison between the parties involved to ensure a smooth transaction. A transaction coordinator aims to complete real estate transactions efficiently while providing excellent customer service.

ScoreTransaction CoordinatorUS Average

Salary

3.3

Avg. Salary $41,792

Avg. Salary $59,228

Stability level

8.6

Growth rate -3%

Growth rate 0.3%

Diversity

8.1

Race

American Indian and Alaska Native 0.40%

Asian 6.76%

Black or African American 9.67%

Hispanic or Latino 19.28%

Unknown 4.26%

White 59.64%

Gender

female 81.00%

male 19.00%

Age - 41

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 41

Stress level

8.6

Stress level is very high

7.1 - high

Complexity level

6.9

Complexity level is challenging

7 - challenging

Work life balance

5.2

Work life balance is fair

6.4 - fair

What are the pros and cons of being a transaction coordinator?

Pros

Flexible work schedule
High demand for services
Opportunity to work remotely
Potential for high income
Potential for advancement in the field

Cons

May require working long or irregular hours
May encounter difficult or uncooperative clients or agents
Must remain neutral and unbiased in all transactions, which can be challenging if personal relationships are involved
Income can be unpredictable, as it is based on the number of transactions completed
May require use of own equipment and software, adding additional expenses

Key steps to become a transaction coordinator

Explore transaction coordinator education requirements

Most common transaction coordinator degrees

Bachelor's

54.1 %

Associate

21.6 %

High School Diploma

12.2 %

Start to develop specific transaction coordinator skills

Skills	Percentages
Customer Service	22.98%
MLS	13.65%
Escrow Companies	7.49%
PowerPoint	5.91%
Real Estate Transactions	5.82%

Complete relevant transaction coordinator training and internships

Accountants spend an average of 1-2 years on post-employment, on-the-job training. New transaction coordinators learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a transaction coordinator based on U.S. Bureau of Labor Statistics data and data from real transaction coordinator resumes.

Research transaction coordinator duties and responsibilities

Manage scheduling loans for closing, handle insurance review, verify wire transfer, register and transfer loans with MERS.
Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
Ensure all documents are completed and in accordance with DRE standards.
Review and explain HUD with borrowers and loan officers prior to closing.

Prepare your transaction coordinator resume

When your background is strong enough, you can start writing your transaction coordinator resume.

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Choose from 10+ customizable transaction coordinator resume templates

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