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-	A growing quantity of medical doctors are limiting the healthcare services they give, or leaving their practices altogether, for worry of malpractice lawsuits. That's simply because the increasingly huge awards in malpractice instances are translating into unaffordable insurance premiums for several medical doctors and hospitals.	+	What Is a Transaction Coordinator?
-	Even if doctors pick to keep in business, some are relocating to states with laws that offer greater malpractice protection. For sufferers, this could mean not possessing access to the health care they need, especially in high-danger pregnancy or brain injury cases.	+	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:
-	"It did not genuinely matter if I did something wrong or how great a doctor I was or how a lot time I spent with a patient or how significantly effort of myself I gave," says Cara Simmonds, M.D., an obstetrician who ultimately stopped practicing medicine right after a pair of baseless malpractice claims threatened to significantly enhance her insurance coverage premiums. "It was all a game and it does not measure your worth."	+	1. Responsible for processing of all contracts through closing.
-	In several cases, the lawsuit has nothing to do with a doctor's potential. Rather, the patient's family is seeking for a way to cope with a tragedy.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	Insurance Crisis	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	"The malpractice insurance crisis dates back to the early 1970s, when the expense of claims soared and commercial health-related liability insurance businesses attempted to deal with the problem by raising doctors' premiums-at times doubling or even tripling them."	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	In 1974, thousands of physicians faced the dual dilemma of not only meeting the increasing price of quickly growing premiums, but also finding a company willing to sell them this swiftly disappearing insurance coverage coverage. Doctors in many states took matters into their own hands, creating their own skilled liability firms. Right now, these medical professional-owned and/or operated organizations dominate the market place, supplying protection to more than 60 percent of all physicians in the United States, as properly as dentists, hospitals and other well being care providers.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	There are numerous in the healthcare field who believe America needs Congress to pass national legislation that will maintain physicians in delivery rooms and emergency rooms, not courtrooms.	+	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 05:40, 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.