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The differences between transaction coordinators and assistants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a transaction coordinator, becoming an assistant takes usually requires 1-2 years. Additionally, a transaction coordinator has an average salary of $41,792, which is higher than the $37,363 average annual salary of an assistant.
The top three skills for a transaction coordinator include customer service, MLS and escrow companies. The most important skills for an assistant are patients, customer service, and patient care.
| Transaction Coordinator | Assistant | |
| Yearly salary | $41,792 | $37,363 |
| Hourly rate | $20.09 | $17.96 |
| Growth rate | -3% | -8% |
| Number of jobs | 16,804 | 557,900 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 49% |
| Average age | 42 | 50 |
| Years of experience | 4 | 2 |
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.
An assistant intern is responsible for facilitating administrative and clerical tasks as assigned by the management. Assistant interns' duties include keeping records of meetings, receiving calls and handling customer inquiries, assisting on writing reports and data entry processing, cooperating and providing support for business events, and adhering to company policies and regulatory procedures. Successful assistant interns must have excellent time-management, multi-tasking, and communication skills. They must be a team player and fast-learner to handle various tasks in the corporate industry.
Transaction coordinators and assistants have different pay scales, as shown below.
| Transaction Coordinator | Assistant | |
| Average salary | $41,792 | $37,363 |
| Salary range | Between $30,000 And $57,000 | Between $16,000 And $82,000 |
| Highest paying City | White Plains, NY | Boston, MA |
| Highest paying state | New York | Massachusetts |
| Best paying company | JPMorgan Chase & Co. | Latham & Watkins |
| Best paying industry | Finance | Education |
There are a few differences between a transaction coordinator and an assistant in terms of educational background:
| Transaction Coordinator | Assistant | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between transaction coordinators' and assistants' demographics:
| Transaction Coordinator | Assistant | |
| Average age | 42 | 50 |
| Gender ratio | Male, 19.0% Female, 81.0% | Male, 40.7% Female, 59.3% |
| Race ratio | 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% | Black or African American, 9.4% Unknown, 3.9% Hispanic or Latino, 16.4% Asian, 3.8% White, 65.7% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 7% | 6% |