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Revision as of 02:21, 31 January 2017 (edit) 81.214.97.240 (Talk) ← Previous diff		Current revision as of 05:14, 9 December 2017 (edit) (undo) 36.37.223.228 (Talk)
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-	Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque sed purus nisl. Mauris varius neque id arcu tempor porttitor. Nulla lacinia, eros non vestibulum dignissim, quam nunc ullamcorper dolor, nec egestas metus massa accumsan orci. In faucibus efficitur dolor vel porttitor. Donec lacinia sapien sed erat iaculis, eget mollis magna molestie. Quisque porta enim orci, eget euismod sem vulputate eu. Morbi eleifend mauris odio, congue egestas nulla semper id. Donec enim tellus, molestie vitae convallis non, dignissim at dui. Sed eget ante ut dui iaculis tempus eu et nisi. Nullam finibus erat quis mi egestas efficitur.	+	What Is a Transaction Coordinator?
-	Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla hendrerit auctor purus, eget mollis lorem fringilla sed. Nunc sodales ullamcorper lorem eget commodo. Pellentesque velit metus, mollis et ex id, interdum tempor nibh. Vivamus eget metus sem. Duis consectetur arcu non risus tempus fringilla. Duis fermentum diam a enim vestibulum posuere. Nullam tempus laoreet molestie.	+	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:
-	Etiam placerat augue quis justo lobortis, at pellentesque ligula consectetur. Nam scelerisque a erat ac mollis. Nulla egestas est non arcu tincidunt, quis mattis mauris lacinia. Quisque finibus purus lacinia interdum interdum. Proin quis viverra magna, et rhoncus felis. Nam eget leo vel mauris venenatis tincidunt ut vel quam. Nunc sodales venenatis dui, sit amet elementum arcu hendrerit at.	+	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.
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		+	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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Current revision as of 05:14, 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.