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-	Based on the 2006-2007 Edition of the Occupational Outlook Handbook, printed by the U.S. Department of Labor Bureau of Labor Statistics, the prospect for employment for massage therapists increase faster than average during the period from 2004-2014. The Bureau defines faster than average as boost 18 to 26 perce...	+	What Is a Transaction Coordinator?
-	Predictions by the U.S. Employment opportunities are forecast by department of Labor for massage therapists to grow by 18 to 26 per cent from 2004-2014.	+	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:
-	Based on the 2006-2007 Edition of the Occupational Outlook Handbook, revealed by the U.S. Division of Labor Bureau of Labor Statistics, the outlook for employment for massage therapists increase faster than normal throughout the period from 2004-2014. The Bureau defines faster than normal as increase 18 to 26 per cent.	+	1. Responsible for processing of all contracts through closing.
-	On the list of reasons for the growing need for massage therapists, the publication cites massage therapys growing acceptance as a medical device. Apparently, younger Americans appreciate the potency of massage at reducing anxiety through relaxation and the growing part of older Americans are receiving specific therapeutic benefits. The motivation of the medical service and insurance companies to cover and advise the costs of therapeutic massage is another growth factor cited by the Bureau.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	There are around 1,300 massage therapy postsecondary schools, university programs, and training programs throughout the country. After signing up for an exercise program, massage students research physiology, composition, kinesiology and other topics since the function and structure of the human body. Students should understand how the body works and techniques and how the many programs connect and communicate.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	Students also train in the different massage forms, or techniques, and learn the techniques connected with each form of massage made available from working out establishment. You can find dozens of unique ways to massage ranging from techniques that focus on a specific area of the body to the body that is approached by techniques holistically and consider both physical and emotional facets of health and peace.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	The U.S. Division of Labor estimates that massage therapists kept about 97,000 jobs in 2004. Most massage therapists are self-employed and own their own business. The total amount are independent contractors or are employed by organizations that supply massage services. These include gyms, health clubs, medical practices and sports organizations.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	An aging population and wider acceptance of alternative medical practices will simply increase the demand for massage therapists. Baby-boomers may hold their appreciation for communication within their senior years and the elderly, generally, are recognizing some great benefits of massage as a support for a more active lifestyle. Businesses have begun offering on-site massage to employees to help deal with on-the-job stress and help increase efficiency. Health insurance companies are recognizing the contribution of massage to general health and several are including massage inside their coverage.	+	6. Frees the agent client up to focus on business building activities.
-	The prospect is bright for present and potential massage therapists. The profession offers a great deal of flexibility and a way to operate independently. Income levels are good and growing and the social aspects are very appealing to those that enjoy helping and reaching numerous people. Enrollment in massage schools is on the good schools and rise, ambitious students and increased demand bode well for future massage therapists.	+	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.