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The differences between transaction coordinators and realtors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a transaction coordinator has an average salary of $41,792, which is higher than the $38,290 average annual salary of a realtor.
The top three skills for a transaction coordinator include customer service, MLS and escrow companies. The most important skills for a realtor are residential real estate, open houses, and purchase agreements.
| Transaction Coordinator | Realtor | |
| Yearly salary | $41,792 | $38,290 |
| Hourly rate | $20.09 | $18.41 |
| Growth rate | -3% | 5% |
| Number of jobs | 16,804 | 7,482 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 60% |
| Average age | 42 | 49 |
| Years of experience | 4 | - |
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.
A realtor is responsible for processing real estate transactions and assisting clients with their concerns and inquiries about a specific property. A realtor should always work for their clients' best interests, ensuring that proposals work within the client's specified budget and property goals. A realtor will also consider the security of a property location before a recommendation to ensure the client's safety and comfort. Realtors must finalize records of cost estimates and purchase agreements, which are essential in choosing the best property.
Transaction coordinators and realtors have different pay scales, as shown below.
| Transaction Coordinator | Realtor | |
| Average salary | $41,792 | $38,290 |
| Salary range | Between $30,000 And $57,000 | Between $27,000 And $53,000 |
| Highest paying City | White Plains, NY | San Antonio, TX |
| Highest paying state | New York | Connecticut |
| Best paying company | JPMorgan Chase & Co. | Berkshire Hathaway Homeservices Alliance Real Estate |
| Best paying industry | Finance | Real Estate |
There are a few differences between a transaction coordinator and a realtor in terms of educational background:
| Transaction Coordinator | Realtor | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between transaction coordinators' and realtors' demographics:
| Transaction Coordinator | Realtor | |
| Average age | 42 | 49 |
| Gender ratio | Male, 19.0% Female, 81.0% | Male, 40.2% Female, 59.8% |
| 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, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 13% |