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-	It is amazing how each and every time you turn around, the air gap is pointed away ...	+	What Is a Transaction Coordinator?
-	Have you noticed your kitchen dishwasher air gap lately?. Thats the point that mounts either directly to your kitchen sink, or the counter leading. It appears like a little upside down cup with vent holes. In the occasion that your kitchens dishwasher drainage ought to back up, this little gadget tends to make sure the backed up water gets directed into your sink alternatively of your floor - and the dishwasher can empty out.	+	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:
-	It is incredible how each time you turn around, the air gap is pointed away from the kitchen sink. You want to make confident the air gap truly point towards the kitchen sink so that it can do it is job properly. If you have an inattentive spouse or residence cleaners, the dishwasher air gap seems to consistently point in any direction other than the kitchen sink.	+	1. Responsible for processing of all contracts through closing.
-	In this condition if your dish washer were to back up, the water would spill from the air gap all over the location, all over the remodeled counter leading, down the refaced cabinets, into the cabinets, and onto the floor - almost certainly ruining that expensive new kitchen cabinet refacing job that appears so great. You could even wind up damaging the flooring depending on what type you have.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	There might be some models of air gap that have a way to limit the air gap to point at the kitchen sink, or perhaps a way of modifying the air gap so that it can not rotate out of position, but it really is the kind of point that ought to not be necessary.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	If your dishwasher air gap has a habit of getting rotated around till it no longer points into your sink, it would be a very good concept to make a habit of taking note of it whenever you use the sink - correct the scenario and make sure it points into the kitchen sink. You will be so thankful you did when that dishwasher finally does back up.	+	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.
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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.

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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.