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-	Spring has finally found its way to Toronto and, suddenly, it's time to start out preparing your outdoor events. Probably you host an barbecue, or have a one-time celebration designed, like a wedding or family reunion, but, with a precious couple of months in which to carry a patio event in Toronto, the sooner you start preparing the better.	+	What Is a Transaction Coordinator?
-	As you need everything to be just right, not merely to really make the function pleasant, but unique too, a host. Theres a great deal to consider; area, time, activity, etc.. Nevertheless, as any party manager can tell you, theres nothing more important compared to the food and products for the achievement of a, outdoors or indoors.	+	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:
-	Think of it this way; if an outdoor event was planned by you with great entertainment, most of the right people and you got the best weather, it may be considered a failure if the drinks and food weren't right. On the other hand, a plain barbecue, with drinks and good food, will likely be profitable and fondly remembered by your friends.	+	1. Responsible for processing of all contracts through closing.
-	With so much riding on what food and which beverages are served, its no wonder more hosts are looking at outside event catering to be sure their party is a success. Having your function focused add a special effect to your party and make it a wonderful success.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	The proper outside function catering company can do more than ensure you have a delightful selection and refreshing drinks. They'll help you prepare your party, give providing team and make certain you have anything you require, from cutlery to tents, so all you have to do is take pleasure in the time with your visitors.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	The problem is, how will you know which outside event catering company in Toronto could be the right one for your party? Idas Kitchen has effectively catered outside parties and barbecues throughout Toronto and the GTA. [ Dickeyville, WI]	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
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		+	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:
		+
		+	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.