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-	First, by doing some biking, exercise or long walks, one is able...	+	What Is a Transaction Coordinator?
-	Have you ever planned a visit weeks or perhaps weeks in advance, however when the time comes to have fun, you get tired during the journey and have to spend your time alone in the accommodation? Of course, this is something that no-one wants to experience. In this article, I'll give out several strategies for staying healthy constantly throughout your travels to prevent this sad situation from happening!	+	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:
-	First, by doing some biking, exercise or long walks, one is able to condition the muscles for anyone long trips. By obtaining information on the elements or climate so as to pack the best clothes for the trip and the condition of the drinking water are simply some examples one can also work on. By purchasing water purification tablets prior to going to a place with suspect water resources, one is able to avoid getting any sickness from the water.	+	1. Responsible for processing of all contracts through closing.
-	If one is taking medication, the medication one is holding is granted in the place where one will probably avoid any difficulties with customs it is best to pack ample stock for the trip and must also check.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	It's far better have a good dinner before going on an extended journey. Check-ins in airports is long and some time will be taken by it before the meals are given by the airline to its passengers.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	On a lengthy trip that may take hours by any mode of travel, it is best from time to time to stretch or go around to circulate the blood in the human anatomy. If you suffer with motion vomiting while traveling, it's also recommended to take the proper medicine at least an hour before the trip for the medicine to take effect.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	Water is essential and if you are uncertain of the tap water available, it's best to order bottled water from the establishment.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	By taking these necessary precautions, you will be way in front of most people to keep your self healthier (and safe!) throughout your journey!	+	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 05:16, 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.