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Transaction coordinators report to transaction managers. They are in charge of preparing transaction contracts, communicating with clients, overseeing facility acquisitions, and managing real estate transactions.
When interviewing transaction managers, the ideal candidate should provide exemplary customer service. Avoid candidates who lack attention to detail and are not routine-oriented.
Why it’s important
To be a successful transaction coordinator you should be able to create a good routine and weekly schedule. You should thrive on being able to stay organized since you will have many cases, clients, and contracts. Your supervisor should be able to rely on you and feel confident that you will do your job in a timely manner.
As a transaction coordinator, you will be expected to make a lot of decisions. You will be in between multiple parties and will have to make informed decisions without looking for approval from your supervisor or manager. You should feel comfortable solving problems and being a critical thinker.
This position requires a lot of communication with buyers, clients, sellers, and colleagues on a daily basis. This means you should feel very comfortable speaking to people in person and via email or over the phone.
This is not a position that is easy to find. A lot of people start with no knowledge and learn on the job. Any previous experience can be a great plus that means that all the best transaction coordinators are by no means new to the industry or this position.
Attention to Detail
There are a lot of details to pay attention to when a real estate transaction is in process. These details can be easily missed so you should put in extra effort and be meticulous.
We are currently looking for an experienced and well-organized transaction coordinator to join our company. In this position, you will be in charge of overseeing real estate deals and overviewing facility acquisitions. You will also be in charge of preparing owner property agreements and evaluating contract options. You should also be providing excellent customer service and pay great attention to detail.
To be a successful transaction manager, you should demonstrate great critical thinking skills and demonstrate proficiency in developing transition plans. Our ideal candidate should have a high school diploma or GED and have great organizational skills.
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Picking out the right candidates can be difficult. We’ve created a list of sample interview questions for Transaction Coordinators that will make this process easier for you. We also have this ultimate list of interview questions if you feel you need more recommendations.
Technical Skills and Knowledge
To become a transaction coordinator you must have a high school diploma or GED. Coordinators typically report to managers and supervisors and work under some level of supervision.
The salary of a transaction coordinator varies based on the previous job experience and education as well as the location (state/city) of the office or company they are employed in. A transaction coordinator can earn between $31,282 and $46,648 annually. The hourly wages can go from $15 to $22, and median wages are $38,533 annually and $19 hourly.
In the next decade, this job is expected to grow in availability, according to the Bureau of Labor Statistics. While in this position you can also advance to a transaction manager.
This position entails a lot of flexibility. You can work alone or in a team, for a company or you can even be self-employed. You can advance to other positions like transaction manager or real estate agents.
Transaction coordinators have less responsibility and tasks are supervised by transaction managers. The role of a transaction manager is to be an agent during a real estate transaction and they are licensed, unlike translation coordinators.
Transaction coordinators usually work from 9 am until 5 pm in an office environment. They typically work next to real estate agents and brokers.
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