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How Much Does A Transaction Coordinator Make?

STP Breaks down the actual pay that a transaction coordinator makes per transaction and per year.

The salaries for a transaction coordinator vary significantly based on experience, background, education, being licensed in real estate or not, having relevant experience, and whether they are independent contractors or employees of a company. 

Let’s try to break these numbers down.

Transaction Coordinator Salary Industry-wide

As of January 2022, the average annual pay for a Real Estate Transaction Coordinator in Denver is just $35,572 a year. That works out to be approximately $17.10 an hour.

While ZipRecruiter is seeing salaries as high as $59,445 and as low as $20,654, the majority of Real Estate Transaction Coordinator salaries currently range between $30,729 (25th percentile) to $42,316 (75th percentile) with top earners (90th percentile) making $50,376 annually in Denver. The average pay range for a Real Estate Transaction Coordinator varies greatly (by as much as $11,587). What is not taken into account by ZipRecruiter is whether they are an independent contractor/business owner or employed by a transaction company. There is a difference.

ZipRecruiter March 2022 Transaction Coordinator Salaries - Summit Transaction Partners

According to Zippia:

Zippia Feb 2022 Average Coordinator Salary - Summit Transaction Partners
Income PercentilePer YearPer MonthPer Hour
90th Percentile $49,000 $4,083 $24
75th Percentile $41,000 $3,417   $20
Average$34,480$2,873 $17
25th Percentile $28,000 $2,333 $13
10th Percentile $24,000 $2,000 $12

The average industry price for a contract is between $250 and $500 which is the entry level fee for document review and meeting standard compliance. For comprehensive assistance throughout the process, rates can run as high as $75/hour.

As mentioned in What is a Transaction Coordinator?, there are some discrepancies in the rate that is charged to the Transaction Agency vs. what the actual transaction coordinator takes home for themselves; largely because some are employees and others are independent contractors/business owners.

How Much Does An Employee Of A Coordinator Company Make?

While the agent pays on average a minimum of $400 per contract to the coordinator company, the actual pay to the transaction coordinator comes out to approximately $13.33 to $17 per hour or per contract that is completed to close. Most coordinator companies and teams keep weekday hours from 9am-5pm or a 40 hour work week.

Many full time transaction coordinators are expected to handle a minimum of anywhere from 20-30 contracts per month at a time. Oftentimes, when the parties of a contract back out, the transaction coordinator receives nothing for the work they have completed. Even if they’ve worked up to just before the closing date. Although many companies charge a fee to cover the work that has been done up to that point when a contract is withdrawn.

In the table below it shows the income for the transaction coordinator company and the amount that the actual transaction coordinator employee receives:

Employee Amount Agent Pays Company Avg Contracts TC takes in a month Hours worked (40 hour week) Avg Hourly rate Monthly/Yearly salary of TC
Example #1 Paid Hourly $400 each contract 20 8 hrs each contract $12.00 (10th%) $1,920/ $23,040
Example #2 Paid Hourly $400 each contract 20 8 hrs each contract $17.00 (average) $2,720/ $32,640
Example #3 Paid Hourly $400 each contract 20 8 hrs each contract $24.00 (90th%) $3,840/ $46,080

Typically, paid by the hour transaction coordinators:

How Much Does an Independent Contractor Coordinator/ Business Owner Make?

Below is a table showing the amount an independent contractor makes working for themselves:
Examples Amount Agent Pays independent Contractor Contracts TC takes in a month Hours worked on each contract Hours worked per week Monthly/Yearly salary of TC
Example #1 $400 10 8 *20 $4,000 / $48,000
Example #2 $400 12 8 *24 $4,800 / $57,600
Example #3 $400 20 8 *40 $8,000 / $96,000

*They also have to schedule time for these business tasks within their normal work schedule on top of their transaction management. This accounts for approximately 10-15 hours per week or 40-60 hours per month extra for the independent contractor.

Also noting that the independent contractors are responsible for all of their expenses. Things like application subscriptions and all of their technology needs. Also included are marketing time and expenses, paying their own taxes, benefits, health insurance and professional services.

As you can see, there is a large difference in what the average employee makes as a transaction coordinator vs. the Independent contractor and business owner.

Coordinators who are Independent Contractors:

  • Are business owners. They are passionate about their work.
  • They are paid a living wage for their expertise and work.
  • Highly experienced.
    • Usually they are or have been licensed in real estate or have experience in the real estate field.
  • They feel their work is valued and commensurate with the amount they are paid.
  • They have control of their workflow and time.
  • They are more able to control their work/life balance.