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-	The forex trading market is the largest trading market on the planet. Based on research done in 2004, about two billion dollars are exchanged each day in markets throughout the world.	+	What Is a Transaction Coordinator?
-	The forex tra...	+	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:
-	Forex Trading, also called FX Trading or Foreign Exchange Trading, is what are the results whenever you trade one nation's currency for another. For instance, if I go to the bank and change ten United States Of America dollars for 15 Australian dollars, I have completed a straightforward Forex trade.	+	1. Responsible for processing of all contracts through closing.
-	The forex trading market could be the greatest trading market on earth. In accordance with research done in 2004, approximately two billion dollars are traded daily in areas throughout the world.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	The currency trading market is quite unique in several aspects, certainly one of that is its international presence. Unlike the stock exchange, which is largely positioned in Nyc and has set hours, the foreign exchange market is available twenty-four hours a day. Among america, European, Asian, and other markets, there is always a minumum of one market available.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	Other factors that make the forex market special are the high liquidity of the market, the wide variety of companies and traders concerned, and the wide variety of factors which influence prices.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	In the forex market, there is the ask price (the price at which currency is offered) and the bid price (the price at which the currency is purchased. Generally, these prices are very close together, usually about one-hundredth of a cent apart.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	America money is undoubtedly probably the most traded currency. The United States Dollar is involved by approximately eighty nine percent of transactions. Other highly exchanged values are the Euro, Yen (Japanese), Sterling (British), Franc (Swiss), and the Australian Dollar.	+	6. Frees the agent client up to focus on business building activities.
-	The forex market includes various types of dealers. The dealers are banks. Really, about fifty-three percent of forex transactions come in between two banks. Other dealers include non-bank finance institutions, other organizations, retail exchange brokers, investment organizations, hedge funds, and speculators.	+	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:
-	The forex marketing could be the largest, and arguably most complex market on the planet.	+	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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Current revision as of 05:08, 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.