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-	In north Texas there's a man made freshwater lake referred to as Lake Lewisville. This river is located on the Elm Fork of the Trinity River close to the town of Lewisville. The river was originally designed for flood get a grip on and to be always a water supply for Dallas and surrounding suburbs. However, today it's primarily employed for boating and watercraft recreational activities.	+	What Is a Transaction Coordinator?
-	In 1945 america Congress passed the River and Harbor Act, which called for more building in the Trinity River basin. That is when building was started on the Lewisville Dam. At 33,000 toes long this dam was finished in 1955 at an expense of twenty-one million. At the moment the Garza Dam keeping back Lake Dallas was breached to create the brand new lake that will have a hundred eighty-three miles of shoreline and 436,000 acres of capacity. The river was technically named Lewisville Lake in the mid-1970s.	+	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:
-	That sea becomes acutely crowded during the summertime since it may be the large populace centers of Dallas and Forth Worth. Typically the most popular activity in this lake is hunting of water fowl, hunting feral hogs and fishing. The types of fish caught in this river include big mouth bass, white bass, white crappie, hybrid and striped bass and blue and channel catfish. The absolute most fishing activity on the lake is seen in white crappie and white bass.	+	1. Responsible for processing of all contracts through closing.
-	The low amount of this river makes a great option to it to spend a lazy summer day going swimming in a canoe or kayak and watching the wonderful sights. There are numerous indigenous wildlife species you will observe.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	Lifestyle and swimming will be the two biggest attractions for this sea. During spring and summer breaks many individuals happen to be this lake to hang from the coast and take pleasure in the stormy waters.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	But, this sea is not recommended for watercraft or sports since it usually has really low exposure, usually only two to three feet. For many years Lake Lewisville was actually rated together of the very most hazardous lakes in Texas due to the injuries and deaths that were occurring. The reason for these injuries is due to the shallow areas and water problems that can be found.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	This doesn't mean you are able to appreciate boating on Lake Lewisville. It simply implies that high-speed activities ought to be avoided on this lake. Additionally you need to pay specific awareness of your charts and follow guns watchfully. You can find three major ship gates offering comfortable access to the water. Just remember to take it slow and follow the laws so you can prevent accidents in the sea.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	Even if all of the threats are noted on your data or through visible prints this doesnt mean that new tree stumps haven't been discovered. Therefore be careful when navigating a ship through these you and waters will be great. The lake is excellent for those who need a relaxing and slow journey around a lake, although not for those who expect to experience the faster paced activities of water sports.	+	6. Frees the agent client up to focus on business building activities.
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		+	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.