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-	Stress is now a part of our modern life. We're hammered by pressure each day, and it is harming us! Consider ways we can lessen the part pressure plays in our wellbeing.	+	What Is a Transaction Coordinator?
-	Are you a java drinker? Pop or Coca-cola fan? Change to decaf or caffeine free drinks, and look at the labels - you'll be surprised at the non-cola drinks with excessive caffeine amounts.	+	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:
-	Try learning a hobby to relieve some of your stress. A hobby - whether it's gardening, making model building, writing, or whatever - is a good way for you to put aside things that are annoying you and just relax enjoy yourself for a while. Whenever you're feeling stressed out, take some time to work on your hobby.	+	1. Responsible for processing of all contracts through closing.
-	Try doing 'office yog'. These simple at the desk stretches and breathing exercises will flush the stale air fromyour lungs and your stress from your body, all at one time.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	Patience is one of the most vital things to have when you are trying to limit the amount of stress that you face during the day. Try not to put so much pressure on yourself to get things done immediately. Tell yourself that in time, things will come, to reduce your internal strain.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	A great tip that can combat stress is to never let yourself engage in gossip. Everyone knows that if they gossip, it'll eventually come back to haunt them. Unless you want to deal with a difficult situation in the future, you should steer clear of gossiping at all times.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	If you can, try walking at least part way to and from work. A few blocks or a few flights of stairs on the way to work gets your body going in the morning. It also lets you work off any tensions you carry with you. Taking the stairs will also help trim off those stressful few extra pounds.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	In order to keep your stress level under control, it would be wise to make sure that you get a regular amount of exercise. This is important because exercise releases chemicals that work as natural tension release agents. As little as a half hour a day, a few times a week is enough.	+	6. Frees the agent client up to focus on business building activities.
-	As was stated above, stress is common for most people, in some way, shape, or form. But if you know how to properly deal with it, you can prevent it from getting the best of you. Use this advice to make your life as stress-free as possible.	+	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.
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		+	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.