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-	Nowadays it is simple to locate the most current price of gold, from the World wide web, the economic section in the morning paper, market news on Tv, and even as...	+	What Is a Transaction Coordinator?
-	Of all the products man has employed as currency, gold has far been the most prominent.  It doesn't matter if it is the most useful, or the rarest.  What does matter is that man has chosen this commodity to be a regular as a planet yardstick for wealth. As a matter of fact, gold is 1 of the couple of metals that is so cherished by so several.	+	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:
-	Right now it's effortless to locate the most recent cost of gold, from the Internet, the financial section in the morning paper, marketplace news on Television, and even as a text message on your cell telephone. But it wasn't usually like that.  For decades the value of an ounce of gold was quite steady - so investors did not see the worth in following the price tag modifications.	+	1. Responsible for processing of all contracts through closing.
-	But not too long ago, the value gold has been changing, and a lot of interest has kindled for the valuable metal.  What when was under a hundred dollars in the 1940's is now more than 600 dollars.  This has brought investors around in great numbers.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	The value of gold is linked to how robust the US dollar is. Because of the great enhance of gold more than the last ten years, many investors believe it is a great time to get and speculate. But keep in mind that gold is a commodity, and does not sit and earn interest like a bond in the bank.  Your profit will be primarily based on if the promoting value is greater than the value you purchased it for, much less any brokerage charges.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	So when the cost of gold goes up, you must be concerned about the value of the US dollar.  This is due to the fact gold increases as the value of the dollar goes down.  Given that we are at the 600 dollar per ounce levels, you can be certain the worth of the US dollar is pretty low.  This is named a lack of self-assurance.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	Must you invest in gold today?  We think it is a fairly safe bet. Offered existing world circumstances, and the time now before the US elections in 2008, gold will be only growing in value.The Lotus Institute,	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	Level Two, 2 Short Street,	+
-	Southport, Queensland, Australia	+
-	Ph: 07 5509 4488	+	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 05:35, 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.