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| - | As parents we have so much to worry about in regards to our youngsters. We want to shield them from all of lifes dangers, but we want to accomplish this without having putting unnecessary fear into their lives.
| + | What Is a Transaction Coordinator? |
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| - | When my children have been small, we started speaking about secrets. What is a great secret and what is a undesirable secret? This seemed to be a notion my youngsters could realize, although accomplishing my aim of not scaring them.
| + | 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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| - | Excellent secrets are items that you get to inform mommy or daddy. Such as we bought daddy a birthday gift. These days it's a secret but tomorrow we get to inform daddy. Yet another very good secret is when the principal at school tells you there will be a celebration for your teacher but nowadays it's a secret. Tomorrow however we get to inform the teacher.
| + | 1. Responsible for processing of all contracts through closing. |
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| - | As your kids get a bit older, a excellent secret might even be your buddy telling you she likes a boy. While your child may be asked not to inform the boy, your kid could undoubtedly tell you this secret.
| + | 2. Coordinating appointments for inspections, appraisals, and closing. |
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| - | So what is a poor secret? A undesirable secret is a secret that your youngster is asked to Never tell. A negative secret might be an additional kid admitting they did anything wrong and asking your kid not to inform. It may also be an adult acting inappropriately with your child and telling the kid to keep this a secret and not inform mommy.
| + | 3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process. |
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| - | My kids asked of course, "who will inform us negative secrets?". I began to tell them that poor men and women inform poor secrets, and swiftly realized this is not accurate at all. As an alternative I chose to inform them that a negative secret can come from each a youngster and an adult who is undertaking anything incorrect. To this day I nevertheless believe that only somebody undertaking anything incorrect will ask a youngster to keep a secret from mommy or daddy.
| + | 4. Responsible for proper documentation of the file to comply with brokerage policies. |
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| - | My kids and I spent many hours speaking about secrets and that mommy and/or daddy need to often be told secrets. I also assured them that they would Never ever get in problems for telling mommy or daddy a secret. I can keep in mind a handful of instances, my kids slipping and telling a excellent secret when they weren't supposed to, but I kept my word and they by no means got in trouble. You see, I have frequently heard that someone acting inappropriately will say "if you tell your mommy, you will get in problems". I never ever wanted my child to have a visual image of obtaining in problems for telling mommy a secret.Dr Edward Berzin MD
| + | 5. Assures that all post-closing disbursements, filing, and procedures take place. |
| - | 6560 Fannin St #1804
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| - | Houston, TX 77030
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| - | (713)722-0111
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| + | 6. Frees the agent client up to focus on business building activities. |
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| + | 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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| + | 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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| + | 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.
