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-	Thailand is a land of enchanting and exotic tastes for foreign guests as I was to discover when I knowledgeable the Water Festival of Loi Kathong on the island of Ko Chang.	+	What Is a Transaction Coordinator?
-	Ko Chang	+	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:
-	In October 2003, the travel bug seriously bit me. The symptoms led me to sell my company, pack a tiny backpack with necessary products and roll into Los Angeles International Airport with a key credit card and an attitude. A few days later, I was in Thailand and headed for the island of Ko Chang, situated close to the border with Cambodia in the Gulf of Thailand.	+	1. Responsible for processing of all contracts through closing.
-	Ko Chang is a heavily forested island with tiny towns full of beach huts. This is what I was precisely what I was immediately after. Spending days lounging in the sun and contemplating my navel. Regrettably, I soon experienced the nearby bacteria, which was not what I was following.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	Since I had rented my beach hut for a week with payment in advance, the household running the spot looked me upon favorably. They took pity on me and I was soon expanding fat on Tom Yom Kung and other soups and curries. After 4 days, I had finally kicked the bug and felt halfway human. This was good news as it was the night of the full moon water festival.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	I had heard of full moon festivals in Thailand. For hard partying tourists, this was apparently the night the big beach parties happened. In Ko Chang, it was a tiny diverse as the night was tailored to the actual Thais, not tourist.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	The Loi Kathong Festival occurs each and every complete moon. Offerings are given to appease the water spirits. These offerings come in the form of banana leaf bowls with flowers, fruit, candles and incense. The candles and incense are lit and everyone heads down the beach and begins putting them in the water. It is one of the a lot more wonderful light shows you will ever see and beats Las Vegas hands down. Thousands, and I mean thousands, of small lights bobbing on the surface of the smooth ocean.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	Right after the bowls comes one of the most visually amazing factors Ive ever observed. Everyone is familiar with the paper lanterns employed in Asia. Generally, they come in the form of a rectangle form with a bamboo or light wire frame. Really popular with college students because they are inexpensive and look greater than a bare light bulb.	+	6. Frees the agent client up to focus on business building activities.
-	For the festival, Thais would take these paper lanterns and close off the leading. They would then affix a small this paper plate to the bottom with a candle on it. Light the candle, wait for the heat to do its function and they had an instant hot air balloon. When the lanterns could float, you simply let go and off the slowly went over the ocean. It was a sight to see as there were thousands of them floating over the water.	+	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:
-	As the festival wound down, the ocean had been transformed. The air was complete of gracefully floating lanterns although the water itself was dotted with slowly bobbing points of light.	+	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.
-	If you intend to travel to Thailand, make confident you schedule your trip about a full moon. It is a scene youll by no means forget.	+	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 05:06, 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.