Transaction Coordinator or Assistant? They are not one in the same. There are benefits to each position, and some Realtors may find both people necessary for their business. So what is the difference between the two?
- A Transaction Coordinator will help give you more time to focus on building your business, spend time with family, and have an overall better work life balance.
- Transaction Coordinators live and breath paperwork. We know the ins and outs of all the forms and requirements. Since we work with files every day, we have streamlined systems to make sure files are properly worked and close on time.
- There is no need for you to spend extra money on systems as Transaction Coordinators have their own systems and tools. Most of us work with a software that we have set up for success and it is our own expense. We have our own computer and office.
- You have no risk when you hire a Transaction Coordinator. We get paid when your files close – no closing, no pay. There is no sick time or vacation pay either. If work is slow, you only pay us for files we get closed for you.
- An Assistant will help give you more time to focus on building your business, spend time with family, and have an overall better work life balance.
- Assistants are not specialized in paperwork and forms. They tend to manage your office, keep up your database, update your social media, send out mailings, and other marketing tasks that help build your business.
- Your Assistant will need a place to work, a computer, software, and will also need to be trained in. Some Assistants work on files but it is just a portion of their job.
- You will need to hire your assistant, pay them on a regular basis and possibly include sick and vacation pay. When the market is slow, you will still need to pay them. If files don’t close, Assistants still need to be paid.
If you do a big business, it would be beneficial to have a Transaction Coordinator and an Assistant to keep your business growing and give you more time to focus on your buyers and sellers. While assistants do paperwork, a Transaction Coordinator is typically better at it because it is what we do, day in and day out. Transaction Coordinators don’t typically do your office work and marketing because we specialize in transactions.