Question: How much does a real estate transaction coordinator make in California?

How much does a transaction coordinator make in California?

How much does a Transaction Coordinator make in California? The average Transaction Coordinator salary in California is $43,041 as of September 27, 2021, but the range typically falls between $38,801 and $47,786.

Do transaction coordinators make good money?

Salary Ranges for Transaction Coordinators

The salaries of Transaction Coordinators in the US range from $45,320 to $129,700 , with a median salary of $85,240 . The middle 60% of Transaction Coordinators makes $85,240, with the top 80% making $129,700.

How much should you pay a transaction coordinator?

How much does a transaction coordinator cost? You can pay anywhere from $250 to $450 for an average coordinator. However, these fees usually just indicate that the coordinator will review all of the details of the transaction and sign off on them.

Does a transaction coordinator need to be licensed in California?

Do you have to be licensed to be a transaction coordinator? Absolutely not. However, a license, experience in the industry (or a similar industry like title or mortgage), or specialized training could certainly give you an advantage for a transaction coordinator job.

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Why You Need a transaction coordinator?

Benefits of Hiring a Transaction Coordinator (TC)

A transaction coordinator will oversee the nitty-gritty of every transaction and ensure nothing falls through the cracks—earnest money is deposited on time, repair requests handled meticulously, purchase agreements always filled correctly and everything in between.

How do you become a transaction coordinator?

How to Start a Real Estate Transaction Coordinator Business

  1. Choose a Business Name. …
  2. Set Up Your Legal Business Entity. …
  3. Acquire the Right License. …
  4. Learn the Basics of Real Estate Transaction Coordination. …
  5. Choose the Right Transaction Coordinator Software. …
  6. Set Your Rates. …
  7. Start Marketing Your New Company.

What is a transaction coordinator?

A transaction coordinator’s goal is to handle contracts and disclosures. They are responsible for ensuring that all documents are completed in the proper time frame. The offer will outline when certain documents are due and which parties get them.

How much do transaction managers make?

The salaries of Transaction Managers in the US range from $45,320 to $169,940 , with a median salary of $104,850 . The middle 50% of Transaction Managers makes $85,240, with the top 83% making $169,940.

How much do Redfin transaction coordinators make?

The typical Redfin Transaction Coordinator salary is $22 per hour. Transaction Coordinator salaries at Redfin can range from $16 – $33 per hour.

Is it hard to be a transaction coordinator?

A licensed transaction coordinator can be tough to find, but the experience and knowledge that comes along with their certification is sure to prove worth it. After all, a lack of experience is sure to lead to delays and hurdles in the event that administrative tasks are overlooked or forgotten.

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What is a coordination fee?

Financing Coordination Fee means a fee paid in connection with the financing of an Asset, assumption of any loan in connection with the acquisition of an Asset or refinancing of any loan on an Asset.

What is a transaction coordinator for real estate?

The transaction coordinator often handles the administrative work of the real estate transaction. This can include preparing and submitting purchase documentation, gathering information or documentation from you (the buyer or seller), communicating with other real estate agents, and more.