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-	Paint a Picture With Your Words	+	What Is a Transaction Coordinator?
-	Based on what you sell, it is not often easy to get your point across, so it is really essential to paint a picture with your words to give your consumer a visual of your product, or a visual of themselves using your item.	+	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:
-	When you are meeting a person face to face, and you can show them your item up close, it is easy for them to get a visual since they are searching at it with their personal eyes, and they can hold it in their personal hands.	+	1. Responsible for processing of all contracts through closing.
-	But seeing and feeling the item is not enough. You want your consumers to see themselves utilizing your product. You want to give them the visual of becoming in action with the solution.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	For instance, the final time I was on the market place for a auto, I went to a local dealership looking to test drive some jeeps.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	The salesman showed me the jeeps he had on sale, and he even let me test drive a few of them.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	Not only did he go over all of the wonderful characteristics the jeep had to offer, such as the CD player, the electric windows, and the heated seats. He also said to me Cant you picture yourself cruising via the mountains with the sun setting behind you, and a cool breeze flowing via the open cabin as you play all of your favorite Cds?	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	The visual of me cruising up into the mountains in my new jeep with mother nature in all of her glory was all I required to picture in my mind, and I was sold.	+	6. Frees the agent client up to focus on business building activities.
-	Well, I nevertheless have that jeep, and I enjoy it just as considerably these days as I did the day I purchased it. Even so, I have but to experience something as serenely as I had visualized the day I test drove it for the 1st time.	+	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:
-	But the salesmans approach worked. I purchased the jeep.	+	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.
-	If I have been selling baseball bats, I would give my buyers the visual of hitting a house run in the bottom of the ninth as well win the game with the exact bat they were holding in their hand.	+	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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-	I could sit here all day coming up with scenarios to get my point across, but I think you get the picture.	+
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-	So the subsequent time you sell a solution, paint a picture. Put a visual in your clients head of them using the product in a positive light. It will make a world of difference.	+
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-	This article could be reproduced by any individual at any time, as extended as the authors name and reference hyperlinks are kept in tact and active.	+

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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.