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Revision as of 15:15, 26 March 2013 (edit) 176.31.117.44 (Talk) ← Previous diff		Current revision as of 05:40, 9 December 2017 (edit) (undo) 36.37.223.228 (Talk)
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-	"People who are successsful in anything are successful in all aspects of their lives. Success is not something that just happens in one area of your life. Success happens, because that's your personality. Success happens because you put that level of focus and motivation into every aspect of your life. To be successful, you really need to have a success mentality."	+	What Is a Transaction Coordinator?
-	This really struck home with me. In fact, it was a turning point in my life.	+	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 order to succeed, I had to have a "success mindset" and not let anyone tell me that I couldn't achieve anything I set my mind to.	+	1. Responsible for processing of all contracts through closing.
-	This is critically important for you in your quest to become a profitable Forex trader.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	Forex trading is something that many people try, but give up before they succeed.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	When I first set out to become a successful Forex trader, I	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	didn't have any money, and a lot of people were telling me it was a big scam.	+
-	Everyone told me I couldn't make it happen, because I'd barely made it out of high school, and I didn't go to college.	+	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.

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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.