|
|
| (1219 intermediate revisions not shown) |
| Line 1: |
Line 1: |
| - | What really caused the eurozone crisis? | + | What Is a Transaction Coordinator? |
| | | | |
| - | World leaders probably spent more time worrying about the eurozone crisis than anything else in 2011.
| + | 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: |
| | | | |
| - | And that was in the year that featured the Arab Spring, the Japanese tsunami and the death of Osama Bin Laden. What's more, 2012 looks set to be not much different. But as eurozone governments hammer out new rules to limit their borrowing, are they missing the point of the crisis?
| + | 1. Responsible for processing of all contracts through closing. |
| | | | |
| - | * The eurozone has agreed a new "fiscal compact"
| + | 2. Coordinating appointments for inspections, appraisals, and closing. |
| - | * Eurozone leaders have agreed to a tough set of rules - insisted on by Germany - that will limit their governments' "structural" borrowing (that is, excluding any extra borrowing due to a recession) to just 0.5% of their economies' output each year. It will also limit their total borrowing to 3%. These rules are supposed to stop them accumulating too much debt, and make sure there won't be another financial crisis.
| + | |
| - | * But didn't they already agree to this back in the '90s?
| + | |
| - | * Hang on a minute. They agreed to exactly the same 3% borrowing limit back in 1997, when the euro was being set up. The "stability and growth pact" was insisted on by German finance minister Theo Waigel (centre of image). What happened?
| + | |
| - | * So who kept to the rules?
| + | |
| - | * Italy was the worst offender. It regularly broke the 3% annual borrowing limit. But actually Germany - along with Italy - was the first big country to break the 3% rule. After that, France followed. Of the big economies, only Spain kept its nose clean until the 2008 financial crisis; the Madrid government stayed within the 3% limit every year from the euro's creation in 1999 until 2007. Not only that - of the four, Spain's government also has the smallest debts relative to the size of its economy. Greece, by the way, is in a class of its own. It never stuck to the 3% target, but manipulated its borrowing statistics to look good, which allowed it to get into the euro in the first place. Its waywardness was uncovered two years ago.
| + | |
| - | * 3/9 Italy
| + | |
| - | Worst offender
| + | |
| - | * 5/9 Germany
| + | |
| - | First to break rules
| + | |
| - | * 6/9 France
| + | |
| - | Offender
| + | |
| - | * 9/9 Spain
| + | |
| - | Top of the Class
| + | |
| - | * But the markets have other ideas
| + | |
| - | * So surely Germany, France and Italy should be in trouble with all that reckless borrowing, while Spain should be reaping the rewards of its virtue? Well, no. Actually Germany is the "safe haven" - markets have been willing to lend to it at historically low interest rates since the crisis began. Spain on the other hand is seen by markets as almost as risky as Italy. So what gives?
| + | |
| - | * So what really caused the crisis?
| + | |
| - | * There was a big build-up of debts in Spain and Italy before 2008, but it had nothing to do with governments. Instead it was the private sector - companies and mortgage borrowers - who were taking out loans. Interest rates had fallen to unprecedented lows in southern European countries when they joined the euro. And that encouraged a debt-fuelled boom.
| + | |
| - | * Good news for Germany...
| + | |
| - | * All that debt helped finance more and more imports by Spain, Italy and even France. Meanwhile, Germany became an export power-house after the eurozone was set up in 1999, selling far more to the rest of the world (including southern Europeans) than it was buying as imports. That meant Germany was earning a lot of surplus cash on its exports. And guess what - most of that cash ended up being lent to southern Europe.
| + | |
| - | * ...bad news for southern Europe
| + | |
| - | * But debts are only part of the problem in Italy and Spain. During the boom years, wages rose and rose in the south (and in France). But German unions agreed to hold their wages steady. So Italian and Spanish workers now face a huge competitive price disadvantage. Indeed, this loss of competitiveness is the main reason why southern Europeans have been finding it so much harder to export than Germany.
| + | |
| - | * ...and a nasty dilemma
| + | |
| - | * So to recap, government borrowing - which has ballooned since the 2008 global financial crisis - had very little to do with creating the current eurozone crisis in the first place, especially in Spain (Greece's government is the big exception here). So even if governments don't break the borrowing rules this time, that won't necessarily stop a similar crisis from happening all over again.
| + | |
| | | | |
| - | Spain and Italy are now facing nasty recessions, because no-one wants to spend. Companies and mortgage borrowers are too busy repaying their debts to spend more. Exports are uncompetitive. And now governments - whose borrowing has exploded since the 2008 financial crisis savaged their economies - have agreed to drastically cut their spending back as well. But...
| + | 3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process. |
| - | * Cut spending...
| + | |
| - | * ...and you are pretty sure to deepen the recession. That probably means even more unemployment (already over 20% in Spain), which may push wages down to more competitive levels - though history suggests this is very hard to do. Even so, lower wages will just make people's debts even harder to repay, meaning they are likely to cut their own spending even more, or stop repaying their debts. And lower wages may not even lead to a quick rise in exports, if all of your European export markets are in recession too. In any case, you can probably expect more strikes and protests, and more nervousness in financial markets about whether you really will stay in the euro.
| + | |
| - | * Don't cut spending...
| + | |
| - | * ...and you risk a financial collapse. The amount you borrow each year has exploded since 2008 due to economic stagnation and high unemployment. But your economy looks to be chronically uncompetitive within the euro. So markets are liable to lose confidence in you - they may fear your economy is simply too weak to support your ballooning debtload. Meanwhile, other European governments may not have enough money to bail you out, and the European Central Bank says its mandate doesn't allow it to. And if they won't lend to you, why would anyone else?
| + | |
| | | | |
| - | == "I enjoy my grandchildren so much ==
| + | 4. Responsible for proper documentation of the file to comply with brokerage policies. |
| | | | |
| - | A portable air conditioner is a self contained unit, usually about 30 inches tall and about 80 pounds in weight. The best thing is that it doesn't require any installation: it stands on the floor and you don't have to fit it in your window or your wall. Most mobile A/C units have little wheels, so you can easily move them around,true religion jeans outlet.. <br><br>"I enjoy my grandchildren so much! Fortunately both my daughters live nearby so I see my grandchilren often. They have grown up together and are very close,true religion outlet, I love that,cheap true religion jeans! This is a photo of my daughter Misty's birthday. Sitting with her on the sofa are her children Kyle and Jessica, her older son Tyler is in in the back along with his cousins Casey Jaden." -Michele Taylor. <br><br>Cotton balls are one of those perfect little products that are helpful in a million ways. Unlike cosmetic puffs which are made from synthetic fibers and sometimes combined with cotton, real cotton balls are always clearly labeled as 100 percent cotton. Although some consumers are allergic to cotton and prefer the cosmetic puffs, most people agree that 100 percent cotton balls are a superior product in terms of absorbency and strength.. <br><br>When choosing a company it is important to choose one that uses NATE certified technicians. These technicians are skilled at working on all makes and models, and they are trained to diagnose problems correctly. You should also choose a company that offers convenient hours. <br><br>Exactly what it sounds like,cheap true religion, this burger and beer joint serves up fresh burgers in your choice of free range beef, kobe beef or turkey in your choice of sizes. Toppings are ordered a la carte and include maytag blue cheese, roasted pineapple, foie gras and buffalo chili,true religion jeans. Over 100 beers are offered,true religion outlet, as well as wine and a full liquor bar.Related Articles：
| + | 5. Assures that all post-closing disbursements, filing, and procedures take place. |
| - | <ul>
| + | |
| - |
| + | |
| - | <li>there are a few specialist items you will require. These include the transmitter and antenna system</li>
| + | |
| - |
| + | |
| - | <li>UFO-less version of the Maury Island story. He now claimed that the "truth" involved</li>
| + | |
| - |
| + | |
| - | <li>Odd cooling system</li>
| + | |
| - |
| + | |
| - | </ul>
| + | |
| | | | |
| - | == dishwasher and kitchen appliances. ==
| + | 6. Frees the agent client up to focus on business building activities. |
| | | | |
| - | The Sahara offers a unique experience for auto racing fans with its NASCAR-themed cafe, rides and arcade. The NASCAR cafe offers casual dining and the Dale Earnhardt-designed Carzilla Bar---a three-ton Pontiac Grand Prix stock car. The cafe also features the 35,true religion jeans,000-square-foot Las Vegas Cyber Speedway,cheap true religion, which has racing simulators that reach speeds of up to 220 mph. <br><br>This goes a long way to create a positive connection and establish credibility. For example, when people sign up to receive my snail mail CD at an event, my team has another form at the table for them to check the box if they would like to receive my ezine as well. If they don check the box, they get the CD nothing more. <br><br>"I guess the stuff I write is sort of relatable. I'm always very specific with what I write. Maybe people appreciate my honesty. Mentone Cabins has eight different hand-built cabins for rent throughout the year,cheap true religion jeans. Each cabin comes equipped with a barbecue on the patio, fireplace, whirlpool bathtub and hot tub on the deck. Each cabin is also fully furnished with satellite television, washer and dryer, dishwasher and kitchen appliances,cheap true religion jeans. <br><br>English grandfather clocks are not the work of a single man. Rather,true religion jeans outlet, they exemplify the best in teamwork,true religion jeans. Each clock is a testament to a fine collaboration between designers, woodworkers, and silversmiths. On at least half a dozen occasions during the final flight of Super Sabre 659, George Smith should have died, and didn't; but surely the most amazing aspect of all was the presence, at the very point of impact with the water, of perhaps the most experienced air-sea rescue launch-captain in the entire world. The odds against such a coincidence meant that it could not occur. Yet it did.Related Articles：
| + | 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: |
| - | <ul>
| + | |
| - |
| + | 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. |
| - | <li>a counter left hook to the jaw downed N'Dam</li>
| + | |
| - |
| + | 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. |
| - | <li>and his time spent at university was just time wasted away from acting..</li>
| + | |
| - |
| + | |
| - | <li>especially when she became a teenager</li>
| + | |
| - |
| + | |
| - | </ul>
| + | |
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.
