RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.’s Sean Black on the transaction revolution

Real estate is on its third revolution, from the digital revolution of the early 2000s to the information revolution kicked off by Trulia and Zillow to today's transaction revolution.


The RealTrends BrokerSource and HousingWire OpenHouse newsletters deliver twice weekly information on trends, strategies, analysis, people, and news shaping the real estate industry.


Hiring a transaction coordinator? Here’s a list of duties

A transaction coordinator role handles tasks such as opening escrow and scheduling inspections and appraisals so that the real estate professional they serve can focus on lead generation.

When it comes to a home under contract, agents have to act as the ultimate project manager. Opening escrow, coordinating inspections and appointments, and organizing a stack of paperwork a mile high are only a few of the things real estate professionals have to do.

On top of that, everything is on a deadline. You definitely don’t want it to be your fault if a detail is missed. Are you considering hiring a transaction coordinator to free up your time for lead generation? If so, here’s a list of the duties they can take on.

  1. Open Escrow. One of the first things a contract to close coordinator will do is collect and deliver the earnest money for the buyer. They also obtain the name and escrow number and make sure it’s given to everyone that needs to know.
  2. Schedule & Coordinate. Whether it’s inspections and appraisals for the buyer or a handyman for the seller, the transaction coordinator (TC)  facilitates appointments with all needed vendors to make sure the right people get to the right place.
  3. eSign, Review, Submit, Repeat. The paperwork involved in a transaction doesn’t normally top an agent’s list of favorite things to handle. The good news? A transaction coordinator can handle sending the documents, reviewing them for accuracy, and making sure they get where they need to be. Your broker will be as happy as you are about it.
  4. Track Deadlines. Most contracts are littered with contingencies and due dates. Your transaction coordinator is going to track all of them and make sure every “T” is crossed and nothing is missed until the closing is official. Forgot that gift for the closing? They can do that, too.

What are the fees?

You’re thinking this all sounds pretty good, but you’re wondering how much it’s going to cost you out of pocket, right? First, see if your brokerage provides on in-house—free or fee-based. If you have to go outside, on average, it costs anywhere from $300 to $500 per transaction.

It’s going to depend on the services for your market, and what services you are expecting the TC to perform. The good news is that most only get paid if you get paid. Their pay is dependent on a successful closing meaning you owe nothing up-front.

How do I find one?

Transaction coordination is becoming popular among agents because it gets them out from behind their computers and back in front of potential customers. To find one, start online.

The National Association of Transaction Coordinators has 203 members across the country, and a quick glance at a Facebook group for real estate professionals gives you the names of several others in your area. Your broker might also be a good resource for a recommendation on an independent coordinator, too.

Author Bio

transaction coordinator

Clayton Sanders is a real estate enthusiast and brand ambassador for Transactly living in St. Charles, Mo. Clayton spends his time researching real estate trends, and the implications of NAR data on the current U.S. housing market. Clayton credits the foundation of his real estate knowledge to Worth Clark Realty.

Most Popular Articles

Where is the housing market headed?

Rising incomes, low interest rates and all other factors, including the balance between families looking for housing and the availability of housing, point towards a continuation of the strong housing market of the last 15 to 18 months.

Oct 18, 2021 By

Latest Articles

Abortion, marijuana laws play a role in relocation decisions

People take the politics of a place into consideration when deciding where to move, but other factors including housing affordability and access to jobs and schools take priority, Redfin study shows

Oct 19, 2021 By