What a Transaction Coordinator does
A real estate Transaction Coordinator (TC) manages the paperwork, deadlines and communication of a home purchase or sale, from accepted offer to closing day. They track inspection, appraisal and mortgage contingency dates, collect signatures on disclosures and addenda, and keep the buyer, seller, real estate agents, lender, title company and escrow officer on the same timeline.
Most TCs work alongside real estate agents. Many also work directly with buyers and sellers, which helps most when you're selling on your own or buying from abroad.
Also known as: real estate transaction coordinator, transaction manager, closing coordinator, contract-to-close coordinator
Services Transaction Coordinators provide
Benefits of hiring a Transaction Coordinator
- Deadlines don't slip. Inspection, appraisal and financing contingencies each have a hard date. Missing one can cost you your earnest money.
- One person to ask. Instead of chasing five parties, you get one contact who knows where every document stands.
- A complete, compliant file. Disclosures, addenda and signatures are checked before closing, not discovered missing the day of.
- Less stress at closing. You arrive knowing what you're signing and what you're paying.
Why hire a Transaction Coordinator who speaks your language
Purchase contracts and disclosures are dense even in your first language. A TC who speaks yours can walk you through what each document asks of you, catch a misunderstanding before you sign, and keep family abroad informed when they're helping with funds.
Frequently asked questions
Is a Transaction Coordinator the same as a lawyer?
No. A TC manages the process and paperwork but can't give legal advice. For contract questions, talk to a real estate lawyer.
Do I need one if I already have an agent?
Ask your agent. Many already work with a TC, and the fee may be covered on their side.
This guide is general information, not legal advice. Rules for what a TC may do vary by state.