Navigating a career as a Transaction Coordinator (TC) can be challenging, especially when faced with licensing requirements and job market shifts. Below is a practical FAQ based on real-world experience and expert insights.
1. Do I need a real estate license to work as a TC?
Barbara Kruger Willkie, a veteran TC says: There is no specific TC license. Only California offers a certificate for TCs, but the class is designed for California regulations. Very few states require a TC to hold a real estate license. However, brokers may still require it, regardless of state laws.
2. If a real estate license is not required, why do so many employers ask for it?
Even in states where a license is not legally required, some brokers or firms prefer or mandate that their TCs be licensed. This can be due to company policies, liability concerns, or the ability to handle more complex tasks.
3. How can I find TC opportunities without a real estate license?
- Look for independent brokerages or teams that do not require licensing.
- Network in real estate groups and online communities.
- Consider freelance or virtual TC work, where licensing requirements may be more flexible.
- Highlight your experience and efficiency to stand out.
4. Are there any TC courses that can boost my career?
Yes! Even though a license may not be required, completing a TC-specific course can make you more competitive. Some options include:
- The California Association of Realtors (CAR) TC Certification (even if not in CA, it’s still valuable knowledge).
- Online platforms like TC Bootcamp, Transaction Management Academy, or The CE Shop.
- Real estate admin and TC mentorship programs.
5. How can I secure work quickly if I’m struggling financially?
- Offer contract or freelance TC services to multiple agents.
- Join online platforms or Facebook groups for real estate admin jobs.
- Consider part-time or remote TC roles while searching for full-time work.
- Reach out directly to real estate teams who may need your expertise but haven’t posted openings.
With a strategic approach, you can find new TC opportunities even without a real estate license. Stay persistent and leverage your decade of experience to secure new roles!