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-	China's inflation rate grew more-than-forecast in March as higher fuel and food costs pushed up consumer prices.	+	What Is a Transaction Coordinator?
-	Consumer prices grew by 3.6% in March from a year earlier, up from 3.2% in February. Analysts had forecast an increase of 3.3%.	+	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:
-	Premier Wen Jiabao has cited inflation is one of China's main economic worries and has set a target of 4% for 2012.	+	1. Responsible for processing of all contracts through closing.
-	Analysts said the data may prompt the central bank to hold back on monetary policy easing for now.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	"I think the stronger-than-expected inflation could slow down the pace of monetary policy relaxing, although the basic direction of policy easing is intact," said Wang Jin of Guotai Securities in Shanghai.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	Growth concerns	+
-	Continue reading the main story	+
-	�Start Quote	+
-	We maintain our forecast that the central bank may cut the reserve ratio several times this year, but the chance of cutting interest rates has become even lower�	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	Wang Jin Guotai Securities	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	China's economy grew by 8.9% in the three months to the end of December from a year earlier, the slowest pace of growth in more than two years.	+	6. Frees the agent client up to focus on business building activities.
-	There have been concerns that its growth may slow even further amid a slowing demand for its exports from key markets such as the US and eurozone.	+	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:
-	In a bid to sustain its pace of growth, China's central bank has been easing its monetary policy in recent months.	+	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.
-	It has cut the amount of money banks must keep in reserve twice in the past few months, in effect giving them more money to lend to consumers, in a bid to boost lending and sustain economic growth.	+	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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-	There has been growing speculation that the central bank may cut the cost of borrowing in a further attempt to boost growth.	+
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-	However, analysts said the higher-than-expected jump in consumer prices had reduced the chances of such move, not least because of fears that availability of easy money at low rates may push consumer prices higher.	+
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-	"We maintain our forecast that the central bank may cut the reserve ratio several times this year, but the chance of cutting interest rates has become even lower," said Mr Wang.	+

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Current revision as of 04:54, 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.