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I will post something here but later :)
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What Is a Transaction Coordinator?
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== Couple escape flat fire Daily Echo 1 ==
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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:
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Couple escape flat fire Daily Echo Andrew was staying with 28 yearold Mia at her top floor flat in Lumpy Lane when the blaze started on the balcony two floors below, just before 10am on Saturday. Within minutes the fire had spread from the balcony on the second floor, up to the balconies on the third and top floor, where it burst inside Mia's flat. The couple were asleep at the time but were suddenly woken but screams of "fire" from fleeing neighbours and bangs on their door, urging them to get out. Andrew, 38, rushed into the smokefilled lounge where he was confronted by huge flames at the patio door. He said: "I have never seen anything like it. I just ran into the lounge and to my horror, was confronted with this big raging fireball at the door, trying to get in." Andrew, an architect,jeremy scott wings shoes, added: &quot,jeremy scott bones;Had we been in there a few more minutes, we would have been dead and instead of me being sat here today, our families would have been planning a funeral. "I am still in shock now and I just
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1. Responsible for processing of all contracts through closing.
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2. Coordinating appointments for inspections, appraisals, and closing.
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3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
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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:
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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.

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.

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