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| - | Spain's Iberia has launched a new entry in Europe's competitive market for low-cost airlines.
| + | What Is a Transaction Coordinator? |
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| - | The new airline, Iberia Express, begins on Sunday with prices starting at 25 euros (�21) for a one-way ticket.
| + | 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: |
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| - | Iberia Express will cover Spanish cities including Madrid and the islands such as Ibiza, Fuerteventura and Lanzarote.
| + | 1. Responsible for processing of all contracts through closing. |
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| - | The launch comes after Spain's fourth-largest airline Spanair collapsed in January, stranding 20,000 passengers.
| + | 2. Coordinating appointments for inspections, appraisals, and closing. |
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| - | Iberia is owned by the same parent company that owns British Airways.
| + | 3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process. |
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| - | The low-cost Iberia Express has 500 staff and has a fleet of four Airbus 320 plane, according to Iberia chief executive Luis Gallego.
| + | 4. Responsible for proper documentation of the file to comply with brokerage policies. |
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| - | "The containment of costs will allow Iberia Express to grow and compete with the low-cost operators," he said.
| + | 5. Assures that all post-closing disbursements, filing, and procedures take place. |
| - | Labour dispute
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| - | The new airline's website is advertising for pilots and cabin crew.
| + | 6. Frees the agent client up to focus on business building activities. |
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| - | The airline will initially fly to the cities of Vigo, Santiago and Granada, as well as Menorca, Ibiza, Fuerteventura, Lanzarote and La Palma.
| + | 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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| - | Later, it will expand to the Republic of Ireland, Italy, Greece, Latvia and the Netherlands, Mr Gallego said.
| + | 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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| - | The airline is also the subject of a labour dispute, with the union representing Iberia's 1,600 pilots fearing it will lead to job losses.
| + | 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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| - | Spanair's collapse cause misery for its passengers
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| - | The dispute with the union led to 12 days of work stoppages in December and January to protest the low-cost airline. | + | |
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| - | Separately, the Spanish government has said it is taking legal action over the collapse of Spanair, saying it could be fined 9m euros.
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| - | In 2010, Spanair reported an operating loss of 115m euros.
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| - | After Spanair's collapse, Irish rival Ryanair said it was examining opportunities in Spain. "We certainly see it as an opportunity to expand our base," it said.
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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.
