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-	Individual development to some people  seems a bit abstract. However, it is a subject that merits serious consideration. It really means you do the things that help you to realize your potential. The  objective is to become a more  efficient individual capable of reaching  objectives and pursuing dreams and  aspirations. If you want some solid specifics on how to practically accomplish these ideals, keep reading.	+	What Is a Transaction Coordinator?
-	When  somebody does something  exceptional or  shows improvement, call them out on it! Our society makes it  progressively difficult to recognize everyone for their progress and abilities. If your waiter or cashier was friendly and attentive, make a special effort to call the business and pass along that information to their  supervisor. Getting  acknowledgment, even for the smallest things, has the power to completely make  somebody's day.	+	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:
-	When defining a goal for your personal  advancement, be sure to make it challenging, but not impossible. Setting an impossible goal can be just as harmful to your development as setting a goal that is too  simple. It can be demoralizing. Find what you  consider to be a  sensible  objective, then raise the bar just a  bit higher. In this way, you will push yourself without the certainty of failure.	+	1. Responsible for processing of all contracts through closing.
-	When you  determine that you want to improve yourself you should  jot down a list of each aspect that you want to change and give it a rating from 1 to 10 on how hard it will be to  complete. Try to pair difficult things with easy things so you don't get  bewildered.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	Pay attention to your body. Many times when people try to develop their mind and  character, they  ignore the body. But the truth is that there is no separation of the body and the mind. You need to take care of all the parts of yourself in order to be happy.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	To get the most from your personal development endeavors, set  objectives designed to make you happy first. Remember that the criticism you absorb from others is only holding you back from achieving happiness and feeling  excellent about yourself. Put those criticisms aside and  concentrate on what you  actually want in life.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	If you're single,  when you feel you're  prepared you should  think about dating. By setting clear requirements for a significant other and the relationship, you  could have a  satisfying relationship that will make both of you better  individuals. If you have moved for work or school, it may be a  great idea to sign up for an online dating agency. While there are  lots of horror  tales that involve dating services, some algorithms dating services use  could match you with  intriguing individuals with similar morals and interests. When  thinking about which dating services to  sign up with, you should consider  exactly what sort of significant other you  desire. By  selecting a high-end matchmaker, you will get one-on-one attention.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	Your very own results are your best feedback. Don't blame others for the place you are in. Don't beat yourself up for it either. Accept that your  choices over time have led you to your current position and embrace the fact that every day is a new  possibility to make new decisions that get you closer to where you really  wish to be.	+	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:
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		+	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.