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Revision as of 20:26, 31 January 2017 (edit) 78.177.123.5 (Talk) ← Previous diff		Current revision as of 05:08, 9 December 2017 (edit) (undo) 36.37.223.228 (Talk)
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-	Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam aliquet augue vestibulum, laoreet sapien at, bibendum lacus. Duis nec convallis elit. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Aenean vulputate justo justo, vitae efficitur erat imperdiet non. Curabitur faucibus convallis diam, ut vehicula lacus imperdiet ac. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Fusce pharetra ante purus, ac consequat erat laoreet nec. Donec luctus convallis bibendum. Suspendisse fermentum, orci vel egestas feugiat, odio est cursus odio, sed fringilla libero lorem nec tellus.	+	What Is a Transaction Coordinator?
-	Vestibulum lacinia quis diam et scelerisque. Nunc quis eleifend libero. Fusce molestie, urna id suscipit euismod, ipsum nulla varius nisi, tincidunt varius nunc augue eu mi. Ut rutrum sollicitudin mauris, ullamcorper aliquet sapien lobortis ac. Morbi sed varius risus, in vestibulum mauris. Nullam facilisis auctor elit, a venenatis libero varius ut. Nam sed dui non leo consequat mattis. Nam porttitor mauris a mauris malesuada fringilla. Integer tempor, dolor vitae molestie vulputate, massa lacus hendrerit neque, nec fermentum felis nisi nec ex. Morbi fermentum, justo eget suscipit luctus, eros erat feugiat odio, quis interdum metus eros sed mi. Curabitur bibendum lacinia lorem faucibus interdum. Nam dignissim felis ut tincidunt vehicula. Maecenas tristique ipsum sed posuere finibus. Etiam semper vestibulum ornare. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec vitae feugiat eros.	+	A Transaction Coordinator is a person who takes responsibility for managing the deadlines and tasks of a real estate contract to closing. Some of the duties include:
		+
		+	1. Responsible for processing of all contracts through closing.
		+
		+	2. Coordinating appointments for inspections, appraisals, and closing.
		+
		+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
		+
		+	4. Responsible for proper documentation of the file to comply with brokerage policies.
		+
		+	5. Assures that all post-closing disbursements, filing, and procedures take place.
		+
		+	6. Frees the agent client up to focus on business building activities.
		+
		+	In many offices across the country, there are transaction coordinators on staff who are shared among the office. While this approach seems practical or beneficial on the surface because the coordinator is in house and can be accessed by stopping by her/his desk. It's not always the best or most effective approach when explored further. There are many reasons for that, a few are outlined here:
		+
		+	a. The transaction coordinator is paid by the office and has a job, which is not always exclusively coordinating transactions. Meaning, they could get pulled away from their job to help the other departments such as receptionist, listing coordinating or what have you. This means they aren't working on your transactions.
		+
		+	b. Interruptions! The facts are clear, it can take more than 20 minutes to get back on task after an interruption. That said, imagine how inefficient it can be if agents are walking in and out of the transactioncoordinators office all day long.

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Current revision as of 05:08, 9 December 2017

What Is a Transaction Coordinator?

A Transaction Coordinator is a person who takes responsibility for managing the deadlines and tasks of a real estate contract to closing. Some of the duties include:

1. Responsible for processing of all contracts through closing.

2. Coordinating appointments for inspections, appraisals, and closing.

3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.

4. Responsible for proper documentation of the file to comply with brokerage policies.

5. Assures that all post-closing disbursements, filing, and procedures take place.

6. Frees the agent client up to focus on business building activities.

In many offices across the country, there are transaction coordinators on staff who are shared among the office. While this approach seems practical or beneficial on the surface because the coordinator is in house and can be accessed by stopping by her/his desk. It's not always the best or most effective approach when explored further. There are many reasons for that, a few are outlined here:

a. The transaction coordinator is paid by the office and has a job, which is not always exclusively coordinating transactions. Meaning, they could get pulled away from their job to help the other departments such as receptionist, listing coordinating or what have you. This means they aren't working on your transactions.

b. Interruptions! The facts are clear, it can take more than 20 minutes to get back on task after an interruption. That said, imagine how inefficient it can be if agents are walking in and out of the transactioncoordinators office all day long.