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| - | When hunting at admissions criteria, several factors are involved. Some are very vital and other people are just important. These factors are:
| + | What Is a Transaction Coordinator? |
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| - | • secondary school record is usually the most critical your transcript and the degree of difficulty of your student’s courses (IB courses or AP courses or honors courses vs. standard courses)
| + | 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: |
| - | • your high school can be also be quite important
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| - | • class rank but a lot of high schools don't provide them
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| - | • Resumes emphasizing the student’s extracurricular activities, talents (either artistic or athletic) and possibly volunteerism or community service
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| - | • SAT or ACT standardized test [N.B. - this is the only brief-term way to substantially turn around your admissions “stock value”.]
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| - | • essay or personal statement
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| - | When searching at the SAT score, is this getting evaluated for admissions or a merit scholarship? If for a merit scholarship, the question the colleges are asking is “Are we willing to invest in this student?” If it is the college’s funds, they will be interested in evaluating as many data points as attainable. To enhance their self-confidence level in their assessment, they may possibly be hunting at a student in terms of a 4-year film, as opposed to a 4-hour snapshot. If the student is interested in a merit scholarship, some elite colleges do not supply merit scholarships. In other words, those colleges pick not to invest (or commit their personal cash) on a top caliber student. Therefore, several elite colleges are listed on Fair Test’s website, www.fairtest.org, simply because it is no expense to them as they chose not to invest in prime students. If a student has low test scores, Fair Test (The National Center for Fair and Open Testing) is a extremely excellent resource to investigate exactly where ~830 colleges will not use the SAT reasoning test or the ACT test as an admissions metric. Nonetheless, this might not be with out strings attached a college will alternatively use: a minimum GPA for in-state students test final results from AP or IB courses or SAT topic tests or if you attend a top high school, a particular GPA is exceeded.
| + | 1. Responsible for processing of all contracts through closing. |
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| - | Occasionally, an SAT score is utilized as a pre-sort mechanism. It is significantly less complicated for a college to look at a single score than to evaluate your transcript (courses and grades), your high school, and class rank. Rather, they will appear at you as a 1300 (critical studying + math sections) on the SAT and you will finish up on their mailing list as the colleges industry to those students they locate desirable. Consequently, it is extremely essential for your standardized test score to be on par with your academic record and, as a result, be representative of your academic strength. Absolutely everyone has knowledgeable this immediately after their PSAT or Program tests when they commence receiving mail from colleges they have never ever heard of. Now you need a larger mailbox, even if you didn’t report your results to particular schools. Keep in mind that the College Board, who administers the SAT exam, is also a client of the colleges and SAT final results are important information to them. There is no hiding…
| + | 2. Coordinating appointments for inspections, appraisals, and closing. |
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| - | If the student is utilizing their SAT score as a trigger for a merit scholarship, you really should ensure that the student prepares as if that scholarship depends on it! Starting with which standardized test is best for the student. A veteran SAT/ACT tutor carried out analysis and found that a third of the students will obviously perform far better on the SAT, a third of the students will obviously execute much better on the ACT, and the remaining third are inconclusive. To use a sports analogy, for a swimmer or runner, are we a sprinter or are we a distance specialist? Why would we report our distance time when our correct strength is in the sprint events? If we frame the test results as a advertising tool, usually put your finest foot forward and accentuate the good. Colleges are expensive enough and we do not want to leave income on the table. Right after all, a college education could be a parent’s second greatest expense following their property.
| + | 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.
