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-	Undoubtedly, a wedding is 1 of the most precious and memorable moments in life. To make this occasion a lot more remarkable, specific customs have been practiced, like the unique wedding dress, the wedding cake, and so on. The brides dress is given specific importance and care is taken to make her look like an angel in her lovely wedding gown. The phrase, dressed up, is perfectly suited for a wedding, where each the bride and the groom are in their greatest attire.	+	What Is a Transaction Coordinator?
-	The wedding dress is the dress worn by the bride during the wedding ceremony. Dress maketh a man. Befittingly, the wedding dress or the bridal gown is normally beautiful and graceful to reflect the most precious moment in life--marriage. The color, texture, design, etc. of the wedding gown is naturally the brides choice. White is a common color for American wedding dresses, as white is linked with qualities like purity, peace and chastity. Nevertheless, the gown may also be in shades of white like ivory or eggshell.	+	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:
-	The background of the wedding governs the nature of the wedding attire. In other words, the society, the culture, and the customs followed by the parties involved in the wedding are crucial factors in the producing of the wedding dress.	+	1. Responsible for processing of all contracts through closing.
-	In the earlier days, any color other than black or red was acceptable for the wedding gown. A face veil was also worn. The custom of wearing a white dress at a wedding was imitated from the royal weddings, wherein the queen wore a beautiful white wedding gown with a lengthy train behind. This concept was gained from peacocks, which were honored as royal birds.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	For the Chinese, the red dress is the most preferred a single for weddings. The Chinese take into account red to be a lucky color. The Indians also contemplate red as a color of excellent omen, so brides in India put on a red sari, which is vivid and colorful as well. But this color is avoided in Western countries.	+	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.

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Current revision as of 05:16, 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.