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The differences between transaction coordinators and coordinators 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 a coordinator takes usually requires 6-12 months. Additionally, a transaction coordinator has an average salary of $41,792, which is higher than the $41,599 average annual salary of a coordinator.
The top three skills for a transaction coordinator include customer service, MLS and escrow companies. The most important skills for a coordinator are customer service, patients, and excellent organizational.
| Transaction Coordinator | Coordinator | |
| Yearly salary | $41,792 | $41,599 |
| Hourly rate | $20.09 | $20.00 |
| Growth rate | -3% | 12% |
| Number of jobs | 16,804 | 151,508 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 57% |
| Average age | 42 | 43 |
| Years of experience | 4 | 12 |
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.
Coordinators are responsible for liaising between the department they are assigned to and any other external party. They oversee projects or agreements. They are in charge of following through negotiations between the two parties regarding work. They see through the conduct of such contracts by ensuring that all terms are amenable to both parties. They maintain records and other necessary data and paperwork. They also ensure that office policy and guidelines are being followed. Coordinators also ensure that all projects are completed efficiently and effectively.
Transaction coordinators and coordinators have different pay scales, as shown below.
| Transaction Coordinator | Coordinator | |
| Average salary | $41,792 | $41,599 |
| Salary range | Between $30,000 And $57,000 | Between $27,000 And $61,000 |
| Highest paying City | White Plains, NY | San Francisco, CA |
| Highest paying state | New York | Alaska |
| Best paying company | JPMorgan Chase & Co. | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a transaction coordinator and a coordinator in terms of educational background:
| Transaction Coordinator | Coordinator | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between transaction coordinators' and coordinators' demographics:
| Transaction Coordinator | Coordinator | |
| Average age | 42 | 43 |
| Gender ratio | Male, 19.0% Female, 81.0% | Male, 36.3% Female, 63.7% |
| 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, 11.5% Unknown, 5.2% Hispanic or Latino, 20.9% Asian, 6.4% White, 53.9% American Indian and Alaska Native, 2.1% |
| LGBT Percentage | 7% | 11% |