Index.php

From Polychromatic

Revision as of 00:08, 22 November 2012 (edit) 198.143.128.3 (Talk) ← Previous diff		Current revision as of 05:16, 9 December 2017 (edit) (undo) 36.37.223.228 (Talk)
(8853 intermediate revisions not shown)
Line 1:		Line 1:
-	To the non-fan, NASCAR stands for "Non Athletic Sport Centered About Rednecks"....it's actual meaning is "National Association for Stock Automobile Auto Racing". To corporate America it stands for "Massive Company"	+	What Is a Transaction Coordinator?
-	NASCAR and their premier division "Nextel Cup" is the second most watched sport in America, only the NFL tops it for attendance and television audiences. On any given weekend for the duration of the season, much more race fans pack race tracks to capacity, than any main sporting occasion... All-star Game, Superbowl, or PGA Golf Tournament. The web site 'NASCAR.com' gets more than One BILLION hits a year	+	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 Nextel Cup attributes 26 weekly races, plus a 10 race playoff type schedule. It really is the only sport that has what's known as "It's Superbowl" as the first race of the season. The Daytona 500 is viewed by more than 30 million, over 180 thousand pack the grandstands and infield every year for that event.	+	1. Responsible for processing of all contracts through closing.
-	This sport that several assume their fans to be white, male, and southern. Nicely, that assumption is just plain incorrect. NASCAR's fan base is produced up by 40% woman, in truth, NASCAR has more females watching, than the NFL or Major League Baseball. The minority fan base increases every single week, producing up about ten% at this point. The common revenue of a NASCAR Nextel Cup fan is 83,000 a year.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	You see corporate sponsor names everywhere, on the cars, uniforms, tracks, and merchandise. NASCAR fans are the most "Brand Loyal" in the world. These sponsor names cash in on that loyalty...Dale Earnhardt Jr. fans drink Budweiser, you will not uncover a lot of Tony Stewart fans setting 1 foot inside a LOWE's, since Tony is sponsored by "House Depot", Jeff Gordon fans paint with nothing but Dupont paint, etc. It cost 10 to 20 million per year for the top teams to be competitive and Corporate America is more than satisfied to cough up that type of money for what they get in return. It expenses sponsor's about a million and a half dollars a season just to have their firm name on the trunk lid of a leading Nextel Cup auto.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	The drivers are the stars and they offer you everything from: excellent hunting, ugly, fat, tall, thin, intelligent, dumb, intelligent, stupid, macho, wimpy, young and old. You can not find another sport that offers the drama week in and week out that a NASCAR Nextel Cup race offers.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	This is only a brief overview of America's second most watched sport, there is a lot a lot more to uncover in future articles associated to NASCAR, but you can not deny, that NASCAR is the best	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	reality show there is.	+	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.

---

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.