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| - | 1st factor Saturday morning I decided to fix the washing machine. This choice had not been reached lightly. The cold water stress was weak so I had checked with two specialists at operate (i.e., they had each owned washing machines at one particular time or yet another) and determined that it was a sticky solenoid. I grabbed my toolbox and told my wife what I was planning.
| + | What Is a Transaction Coordinator? |
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| - | Itll be fixed in ten minutes, I clarify as I head down to the basement. Meanwhile, she is hunting up the quantity of a 24 hour emergency plumbing service and entering it into the speed-dialing function of the telephone.
| + | 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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| - | Shouldnt I get in touch with the plumber? she asks, generating it obvious that she doesnt realize men. Of course, she has her motives - Ive had some poor experiences. In truth, Ive however to tackle a residence improvement project that has truly enhanced the residence.
| + | 1. Responsible for processing of all contracts through closing. |
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| - | But right now I was feeling confident. I meticulously removed each and every screw from the back of the washing machine only to uncover that it still wouldnt come off. So, using the biggest screwdriver I could locate as leverage, I applied gentle pressure until abruptly there was a god-awful screech followed by two loud snaps and the back of the washing machine flies off like a cork out of a champagne bottle and smashes against the concrete wall with a thud that shakes the home.
| + | 2. Coordinating appointments for inspections, appraisals, and closing. |
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| - | I hear the basement door open above me. Should I call the plumber?
| + | 3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process. |
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| - | We dont need a plumber, almost everything is going according to strategy, I assure her.
| + | 4. Responsible for proper documentation of the file to comply with brokerage policies. |
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| - | Of course, Im not exactly positive what the plan is. The back of the washing machine is filled with adequate wires and hoses to launch the space shuttle and I have absolutely no notion where to commence. So I gradually commence removing parts, looking for something which may possibly remotely resemble a solenoid, which is a cylindrical object which can be magnetized (I looked it up in the dictionary).
| + | 5. Assures that all post-closing disbursements, filing, and procedures take place. |
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| - | Each and every hour or so the basement door opens. Should I contact the plumber?
| + | 6. Frees the agent client up to focus on business building activities. |
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| - | Finally, with head held low, I humbly inform her, Its time to contact a plumber.
| + | 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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| - | Personally, I believe I was on the verge of figuring the complete point out, but I could inform that she was beginning to get nervous. A brief time later Mr. Smarty-pants Plumber arrives and views the carnage.
| + | 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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| - | What the hell occurred here? he asks in disbelief.
| + | 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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| - | I tell him the only issue that pops into my head. Vandals. Weve been possessing some problems in the neighborhood.
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| - | Must have been a whole gang of them to have brought on this much harm, he suggests and I can only nod my head in agreement.
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| - | He continues to assessment the scene of destruction, sometimes muttering Hmmm beneath his breath. Somehow, I intuitively know that every hmmm is costing me an further fifty dollars.
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| - | Lastly, Mr. Overpriced Plumber starts putting every thing back together once more until, like magic, the washing machine is back in one piece and pushed against the wall.
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| - | Specifically what were you trying to do? Mr. Couldnt-make-it-as-an-electrician asks as hes calculating a bill larger than a small countrys gross national product.
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| - | I seize the opportunity to show him hes not dealing with just any goober who walked in off the street. The cold water pressure was weak, I explain. Sticky solenoid.
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| - | Uh huh, he responds and reaches behind the machine and twists off a hose. He taps the nozzle against the palm of his hand until a black, gooey glob of sludge oozes out. Then, with a final twist, he reattaches the hose.
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| - | Your filter was clogged.
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| - | == being involved is such a blessing. ==
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| - | <li><a href="?TID=60220&PID=87762#87762" target="_blank">Refused to fill out the forms like she was somethin’ better than the rest of us.”
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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.
