How much does a Transaction Coordinator make?
Transaction Coordinators play a key role in the real estate industry. They manage the details of real estate deals. They work to ensure everything goes smoothly. On average, a Transaction Coordinator earns about $53,153 a year. This amount can vary based on experience, location, and other factors.
Looking at the salary data, the middle 50% of Transaction Coordinators make between $45,527 and $74,182. This range shows that there are good opportunities for growth. Those at the higher end of the scale often have more experience or additional skills. The lowest 10% earn about $31,200, while the highest 10% earn up to $110,000. These numbers highlight the potential for advancement in this field.
What are the highest paying cities for a Transaction Coordinator?
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Nashville, TN
Average Salary: $66,767
In Nashville, professionals often find roles with firms like Vanderbilt University Medical Center. It's a city where the real estate market is growing, and transaction coordinators help clients navigate the buying and selling process. The city values teamwork and attention to detail.
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Miami, FL
Average Salary: $62,396
Miami offers a vibrant market for real estate professionals. Companies such as Lennar and Related Group are known employers. Coordinators here enjoy a dynamic environment with a variety of property types. Miami’s multicultural atmosphere adds a unique touch to the work experience.
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Jacksonville, FL
Average Salary: $58,770
Jacksonville's real estate sector is supported by notable firms like Jacksonville Center for Employment and Training. Transaction coordinators here enjoy a mix of residential and commercial properties. The city’s size provides a balance between a relaxed lifestyle and a robust job market.
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Seattle, WA
Average Salary: $58,560
Seattle is home to major companies such as Amazon and Zillow. Working here offers exposure to high-tech tools and innovative practices. The city’s scenic beauty and strong community spirit make it an attractive place to work.
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Houston, TX
Average Salary: $58,353
Houston's real estate market is robust, with companies like Kinder Morgan and Halliburton. Professionals here benefit from a diverse industry. The city’s growth offers many opportunities for career advancement.
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Denver, CO
Average Salary: $58,215
In Denver, firms such as Vail Resorts and Denver Financial Center offer diverse opportunities. The city’s outdoor lifestyle and vibrant arts scene make it a great place to live and work. Coordinators here enjoy a supportive work environment.
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Dallas, TX
Average Salary: $57,396
Dallas is known for its bustling real estate market, with companies like AT&T and Toyota. Professionals here enjoy a fast-paced environment with many high-value transactions. The city’s strong economy provides numerous growth opportunities.
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Baltimore, MD
Average Salary: $57,076
Baltimore offers a mix of urban and suburban opportunities. Companies such as Under Armour and Johns Hopkins University provide a diverse work environment. The city’s rich history and cultural events add to the overall experience.
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Chicago, IL
Average Salary: $56,222
Chicago is a major hub for real estate, with firms like JPMorgan Chase and Accenture. Professionals here handle a variety of high-stakes transactions. The city’s diverse population and vibrant culture enrich the work experience.
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San Diego, CA
Average Salary: $53,139
San Diego’s real estate market is vibrant, with companies like Qualcomm and Southwest Airlines. Coordinators here enjoy beautiful weather and a strong economy. The city’s focus on innovation and quality of life makes it an appealing place to work.
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What are the best companies a Transaction Coordinator can work for?
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Modus Closing
Average Salary: $62,071
Modus Closing offers Transaction Coordinator jobs with a focus on streamlined closing processes. They operate nationwide, with a strong presence in major metropolitan areas like New York, Los Angeles, and Chicago. Their role involves coordinating all aspects of the closing process, from document preparation to disbursement.
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House Buyers of America
Average Salary: $61,438
At House Buyers of America, Transaction Coordinators help manage property sales. This company works in many locations, including Florida, Texas, and California. The role here requires excellent communication and organization skills to ensure smooth transactions.
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Redfin
Average Salary: $49,795
Redfin is well-known in the real estate industry for its tech-savvy approach. Transaction Coordinators here work in cities such as Seattle, San Francisco, and Washington, D.C. They use technology to assist in property sales, ensuring all paperwork is accurate and deadlines are met.
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Cushman & Wakefield
Average Salary: $45,575
Cushman & Wakefield provides Transaction Coordinator positions with a global reach. Their offices are in major cities like London, Hong Kong, and Sydney. The job focuses on real estate transactions, requiring attention to detail and a thorough understanding of property laws.
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Guild Mortgage Company LLC
Average Salary: $42,622
Guild Mortgage Company LLC offers Transaction Coordinator roles in various locations, including Dallas, Phoenix, and Atlanta. Their coordinators work closely with mortgage lenders to ensure all documents are in order, helping clients complete their home loans efficiently.
How to earn more as a Transaction Coordinator?
Becoming a successful Transaction Coordinator involves more than just managing paperwork and schedules. It requires a strategic approach to grow your skills and value in the industry. By focusing on key areas, a Transaction Coordinator can significantly boost their earnings and career prospects.
Firstly, gaining specialized certifications can set a Transaction Coordinator apart from the competition. Certifications such as Certified Transaction Coordinator (CTC) or Certified Real Estate Transaction Manager (CRRTM) demonstrate a commitment to excellence and a deeper understanding of the real estate process. These credentials can lead to higher salaries and more complex, lucrative assignments.
- Certifications: Obtain recognized credentials like Certified Transaction Coordinator (CTC) or Certified Real Estate Transaction Manager (CRRTM).
- Experience: Accumulate experience and build a strong portfolio of successful transactions to attract more clients.
- Networking: Connect with real estate agents and brokers to expand professional relationships and secure better opportunities.
- Skills Development: Continuously learn new skills, especially in technology that streamlines transaction processes.
- Professional Reputation: Maintain a positive and reliable reputation in the industry to become a sought-after professional.
