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From Joe

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If you are going to take a walk at night, notice the luminescent, glowing signs that are gracing the faade of a lot of buildings. These are called neon indicators.
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What Is a Transaction Coordinator?
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The first neon sign appeared in France in 1910 at Grand Palais. The display caught peoples interest  in reality, the impact was so vibrant and catchy that other countries took notice. As a outcome, demands to create neon signs for commercial use have grown since the 50s and are nevertheless very considerably in demand.
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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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Neon indicators are created out of brightly colored gas discharge lamps filled with a specific gas. These are truly glass tubes bent and twisted to type diverse designs and letters. The light makes use of a high voltage but extremely low volume of amperage. To make the gas inside the tube glow with light, you will want to enhance the electrical pressure from your wall outlet so that adequate supply of current is transported.
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1. Responsible for processing of all contracts through closing.
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One particular identified benefit of neon indicators is that electrical cost is relatively low. The typical lifespan of neon signs variety from 7 to 10 years but there are some that have been known to last 20 years.
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2. Coordinating appointments for inspections, appraisals, and closing.
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If you are wondering why these neon signs vary in colors, it is because these signs are developed in three various ways utilizing 3 distinct gases. Some use inert gas, for example. This is the mixture of neon and argon/mercury gases. Whilst neon gas glows in reddish-orange color, argon and mercury lights give off a light blue colour. Some neon light also use fluorescent powders. Such lights use combinations of diverse gases to filter out different colors from the light spectrum. Some neon lights, on the other hand, use colored glass. This is the oldest approach and the most expensive among the three. They provide the most vivid colors, but they are not as bright as other neon lights.
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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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