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-	MOSCOW, March 8 (RIA Novosti) – From Ho Chi Minh to Jawaharlal Nehru, plenty of foreign leaders have locations in Moscow named after them. But though the late Venezuelan President Hugo Chavez may seem a fitting addition to the list, it looks like a stroll down Chavez Street would not be available to Muscovites just yet.	+	What Is a Transaction Coordinator?
-	The proposal to name a street in Moscow after Chavez, who died of cancer on Tuesday at the age of 58, was voiced by Russia’s Communist Party hours after his death.	+
-	It was received favorably by city legislature speaker Vladimir Platonov, who said on Wednesday that Moscow may waive its rule that prohibits naming streets and squares after people until 10 years after their death.	+	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:
-	But Mayor Sergei Sobyanin, the only city official with the authority to bend the naming rules, currently has no plans for doing so for Chavez, mayoral spokeswoman Gulnara Penkova said.	+
-	“No such proposals were filed, so there was no discussion of the initiative” in the City Hall, Penkova was cited by Gazeta.ru news website as saying late Thursday.	+	1. Responsible for processing of all contracts through closing.
-	President Vladimir Putin was also named by Platonov as capable of altering Moscow’s toponymy for Chavez’s sake, but his spokesman Dmitry Peskov told Gazeta.ru that such matters are outside Putin’s responsibility.	+
-	However, Putin was reported to have lobbied the 2004 naming of street in southern Moscow after Akhmad Kadyrov, a former Chechen rebel who became the republic’s president under Putin, helping suppress the local insurgency. Kadyrov was one of two people for whom Moscow waived its street naming rules, the other being legendary dissident and writer Alexander Solzhenitsyn in 2008.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	Moscow’s map name-checks plenty of leftist greats and developing world leaders, not all of them necessarily well-remembered. Various locations in the city honor, among others, Iraqi poet and politician Salam Adil, Vietnamese party boss Le Duan, Mozambique President Samora Machel, Chilean leader Salvador Allende and Guinea-Bissau nationalist thinker Amilcar Cabral.	+
-	Chavez is poised for bigger honors in the republic of North Ossetia in Russia’s south, where local activists plan to request the republican legislature to name a 3,400-meter-high mountain after him. Venezuela under Chavez was one of the few countries to recognize the independence of South Ossetia, a breakaway region of Georgia, following a brief Russian-Georgian war over the region in 2008.	+	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.

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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.