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| - | If you've begun to investigation reception venues, photographers, and other "higher-ticket" items on your wedding to-do list, you've undoubtedly knowledgeable a good case of sticker shock by now. You may find your self pondering: "How can they get away with charging this much?!!"
| + | What Is a Transaction Coordinator? |
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| - | It's a truth. The wedding business is enormous, and anything with the word "wedding" attached to it is most likely to imply "expensive".
| + | 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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| - | So is it feasible to employ a photographer who doesn't necessarily focus on weddings, or a band that wouldn't be found in your regional bridal magazine? Absolutely!
| + | 1. Responsible for processing of all contracts through closing. |
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| - | To get began on this road less traveled, start by asking lately-wed loved ones, friends or colleagues for any great wedding leads. Possibly they will know of a fabulous bakery that was much less costly than all the bigger ones in the location. Or an art student who just graduated from college and is looking for perform as a calligrapher. Maybe there's a friend of a friend who's an aspiring photographer and would be able to capture wonderful wedding photos for you on your huge day.
| + | 2. Coordinating appointments for inspections, appraisals, and closing. |
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| - | Subsequent, move your study online and verify out the regional wedding chat boards in your area at TheKnot.com and WeddingChannel.com. Appear for posts like "Rave Evaluations" and "Extremely Recommended" - and be certain to also take note of any vendors that received unfavorable testimonials from other brides and grooms. Yet another excellent free resource is Craigslist.com. Musicians, photographers and other artists post their services often here in places across the country. If you see a post that catches your eye, just send a quick e-mail to the poster to get far more data, or submit your own ad describing specifically what you happen to be looking for.
| + | 3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process. |
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| - | Ultimately, head to Amazon.com or your neighborhood book store and acquire at least 1 excellent wedding planning book. This will be your trusty reference book and will assist you know just which questions to ask, so that you can make an informed choice about a certain wedding vendor. For example, being aware of the various charges that are usually connected with catering will enable you to ask for only the products you Need, and avoid paying for anything you do not. In reality, realizing a bit about each and every variety of wedding service vendor - caterers, musicians, DJs, and so forth. - will really support save you income no matter which vendors you talk to, "skilled" or not.
| + | 4. Responsible for proper documentation of the file to comply with brokerage policies. |
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| - | With a small outside the box considering and basic expertise about the "biz", you are on your way to pulling collectively a fantastic wedding day that could just expense you much less than you feel!
| + | 5. Assures that all post-closing disbursements, filing, and procedures take place. |
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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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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.
