Other states disallow anyone without a license to access the MLS system. While you will likely pay a higher salary or hourly rate for a licensed TC, you may regain that in value if you can delegate more complex work.įor example, in the state of Florida, several duties are off-limits for non-licensed coordinators including discussing or explaining a contract, listing, lease agreement, or any other document with anyone outside of their office. The duties transaction coordinators are able to perform legally vary from state to state. It’s also important to consider whether you need a licensed or unlicensed transaction coordinator. Does a real estate transaction coordinator need to be licensed? Since the cost of living can vary widely from state to state, It’s a good idea to do a more specific search to determine the going rate for a transaction coordinator’s salary in your local area. What’s the average real estate transaction coordinator’s salary?Īccording to Glassdoor in 2022, real estate transaction coordinator salary in the United States can range from $45,000 to $60,000 per year with the median salary coming in at $49,000. Hiring and training new employees can be costly, which is why it’s critical that you find the right person, with the right qualifications, who is a good fit for you and your team.īefore getting started with the hiring process, you need to prepare a least a few things a budget and a job description. Hiring for any role on a team is a big deal and shouldn't be taken lightly. If you're still not sure, start by assessing whether or not you need a transaction coordinator. You’ve decided it’s time to bite the bullet and hire a transaction coordinator to help scale your real estate business.
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