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What Is a Transaction Coordinator?
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== Delaying Troop Control Handover 'Sends Wrong Message' ==
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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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<p>U.S. Forces Korea Commander Gen. Walter Sharp has suggested discussions at the "highest levels" of South Korean and U.S. governments over delaying the handover of full control of South Korean troops to Seoul in 2012. He made the suggestion at a hearing of the U.S. Senate Committee on Armed Services in Washington on Friday,, AFP reported Saturday. <br><br>"If the Republic of Korea comes and asks for a delay,
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1. Responsible for processing of all contracts through closing.
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152 men and women bathing at the same time, to create the most people at the same time bath new world record.152 people around Bournemouth beach in the last 6 meters high standing and shower shower device.,, I'm sure that will be a discussion at the highest levels of both governments,," he said. "Both governments agreed to this timeline of April 17,, 2012. And to change that timeline, both governments will have to agree to change that." <br><br>But during the hearing,, Gen. Sharp reaffirmed his position that it will be desirable for Washington to hand the full troop control over to Seoul in April 2012 as agreed. <br><br>He also said,,
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152 men and women bathing at the same time, to create the most people at the same time bath new world record.152 people around Bournemouth beach in the last 6 meters high standing and shower shower device., "It also sends a very strong message to North Korea and to other people in the region that the [South] Korean military is so strong that the U.S. is willing to go in a supportive relationship." A delay in the transfer would send "exactly the opposite signal,, which is not the right thing to do,," he added. <br><br>Sharp returned to South Korea Saturday on hearing of the sinking of a ship in waters near the de facto sea border with North Korea. "We have detected no special movements by North Korean forces; however, we,, as a command,, continue to monitor the situation and remain prepared for any contingency,," he said. <br><br>The USFK is cooperating with the South Korean Defense Ministry to find out what kind of assistance it can provide,, he added. </p>
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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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