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-	George Osborne is considering cutting the 50p top rate of income tax in next week's Budget, the BBC understands.	+	What Is a Transaction Coordinator?
-	Prime Minister David Cameron will discuss the Budget with the chancellor and other senior ministers on Friday.	+	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:
-	There is speculation the tax on earnings over �150,000 could be reduced to a 45p rate or scrapped entirely in return for tax cuts for low earners.	+	1. Responsible for processing of all contracts through closing.
-	Labour leader Ed Miliband said it was the "wrong priority" and money should be spent on jobs for young people.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	The coalition's "quad" of top ministers, Conservatives Mr Cameron and Mr Osborne and Lib Dems Nick Clegg and Danny Alexander are discussing the Budget by telephone on Friday.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	Temporary tax	+
-	All budget decisions will have been made by the end of Friday so that the details can be sent to the Office for Budget Responsibility.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	The government-appointed body will use these tax and spending decisions to make its economic forecasts.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	Continue reading the main story	+
-	�Start Quote	+
-	For a chancellor sometimes likened to a submarine - George Osborne has never been timid about deploying a torpedo�	+	6. Frees the agent client up to focus on business building activities.
-	image of Ben Wright Ben Wright Political correspondent, BBC News	+	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:
-	Is Osborne planning a 50p tax surprise?	+	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.
-	The 50% income tax rate was introduced by the previous Labour government in 2010, to help pay for declining government revenues during the recession.	+	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.
-		+
-	Mr Osborne has always said it was a temporary measure and has asked officials to assess how much extra it is raising.	+

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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.