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-	New advances have created it achievable to place actual wood as the top layer of each and every engineered plank. This makes engineered flooring practically indistinguishable from tr...	+	What Is a Transaction Coordinator?
-	For starters, engineered wood flooring tends to be stronger than typical solid hardwood flooring. It can also be installed more than just about anything - concrete slab, existing wood floors, ceramic tile, etc. This certainly tends to make it attractive to an individual hunting to place in a wood floor with as little problems as feasible.	+	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:
-	New advances have made it attainable to place real wood as the top layer of each and every engineered plank. This tends to make engineered flooring nearly indistinguishable from standard solid wood flooring. This also means less wood is essential for each and every plank. And even far better, the finishes employed by the factory are usually more sturdy than a finish you would apply yourself if you had been installing strong plank flooring.	+	1. Responsible for processing of all contracts through closing.
-	Given that the finishes are applied at the factory, that implies you can steer clear of all the mess, additional time and vapors related with applying your own finish. You also never have to worry about sanding or taping plastic sheets up all over your residence. With engineered wood flooring, you can stroll on it as soon as it is installed. There is no waiting period, it is immediate gratification. And you don't have to stain it!	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	The factory also puts several coats of finish on each wood plank which dries to a much tougher protective layer than a finish you would apply oneself. This added protection means less maintenance for you over the years. It also indicates engineered floors are more scratch resistant than strong flooring. If you have children or pets, engineered wood flooring is most likely your ideal investment. It will save you time up front and more than the life of the floor.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	Engineered flooring provides strength, ease of use, and appears that rival solid wood flooring. In numerous cases the expense of engineered flooring is comparable to that of actual plank wood. You can't ask for anything far better.	+	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.
		+
		+	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.