Being a transaction coordinator is a highly process-oriented job. This is a job for someone who loves paperwork and details and can handle multiple projects at the same time. However, even though the process is, essentially the same every single time, every transaction is different. Every client is different. And therefore while there are repetitive tasks in this job, there is still a lot of variety.
It can be a highly stressful job, so it’s a good fit for someone who can remain calm under pressure.
The Types of Transaction Coordinators
There are three types of transaction coordinators.
1. Your first is the independent transaction coordinator who works on a per-file basis, and they work for multiple clients.
2. The next type of transaction coordinator works in a real estate office and supports all of the agents in that office.
3. And then finally, some TCs are hired directly onto a real estate team, and they only work with one agent.
When a transaction coordinator works on a real estate team, they have a broader scope of responsibilities. They will have much more communication with the client. They may run errands and go out to the property. And they will be much more involved in the customer service aspect of managing that transaction than, say, a contract TC or an office TC.