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-	According to the 2006-2007 Model of the Occupational Outlook Handbook, posted by the U.S. Division of Labor Bureau of Labor Statistics, the outlook for work for massage therapists increases faster than normal through the period from 2004-2014. The Bureau defines faster than normal as boost 18 to 26 perce...	+	What Is a Transaction Coordinator?
-	Forecasts by the U.S. Employment opportunities are forecast by department of Labor for massage therapists to grow by 18 to 26 % from 2004-2014.	+	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:
-	According to the 2006-2007 Edition of the Occupational Outlook Handbook, posted by the U.S. Division of Labor Bureau of Labor Statistics, the outlook for work for massage therapists will increase faster than normal throughout the period from 2004-2014. The Bureau defines faster than average as boost 18 to 26 percent.	+	1. Responsible for processing of all contracts through closing.
-	On the list of reasons for the growing need for massage therapists, the distribution cites massage therapys growing acceptance as a medical resource. Apparently, younger Americans recognize the potency of massage at reducing anxiety through relaxation and the growing part of older Americans are receiving specific therapeutic benefits. The determination of the medical company and insurance sectors to cover and recommend the costs of massage is yet another growth factor reported by the Bureau.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	You will find about 1,300 massage therapy postsecondary schools, university programs, and training programs through the country. After searching for a training program, anatomy, physiology, kinesiology and other subjects are studyed by massage therapy students within the function and structure of the body. Students should understand how the body works and techniques and how the different methods relate and interact.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	Students also teach in the many massage forms, or methods, and learn the methods associated with each type of massage made available from the training institution. There are dozens of special ways to massage ranging from techniques that give attention to a certain region of the body to the body that is approached by techniques holistically and consider both psychological and physical facets of health and peace.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	The U.S. Division of Labor estimates that massage therapists used about 97,000 jobs in 2004. Many massage therapists are self-employed and own their own company. The total amount are independent contractors or are employed by businesses offering massage services. These generally include schools, health groups, medical practices and sports organizations.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	An aging population and wider acceptance of alternative medical techniques will simply raise the need for massage therapists. Their appreciation will be carryed by baby-boomers for communication into their senior years and the elderly, generally speaking, are recognizing some great benefits of massage as a support for a more active lifestyle. Firms have begun offering on-site massage to employees to help cope with on-the-job stress and help improve productivity. Health insurance companies are recognizing the contribution of massage to general health and several are including massage in their protection.	+	6. Frees the agent client up to focus on business building activities.
-	The outlook is bright for current and potential massage therapists. The profession offers a great deal of freedom and a way to work independently. Income levels are fair and growing and the social factors are quite attractive to those that enjoy helping and getting together with a variety of people. Registration in massage schools is on the good schools and rise, ambitious students and increased demand bode well for future massage therapists.	+	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.