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-	In some cases the online classes offer e-books and other materials for training, however in other cases the online classes are actually a virtual schoolroom on the Internet. Online classes, depending on ...	+	What Is a Transaction Coordinator?
-	You dont know where to begin when you are looking for certain online classes. The search results are ultimately endless. Even if you search a particular topic the online classes for that subject search results are going to keep you busy for a while choosing the right one.	+	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:
-	In some cases the online classes offer e-books and other materials for training, however in other cases the online classes are actually a virtual schoolroom on the Internet. Online classes, depending on which one you choose most of the time carries a fee of one kind or another as well as different options as far as payment plans, and these choices are left up to you. You can even enroll for these online classes by using the web site in which class or classes you have chosen to take. In a lot of circumstances, even the testing and exams are done on the Internet via the online classes.	+	1. Responsible for processing of all contracts through closing.
-	Yet, you should be careful, and read the web site well on whichever of the online classes you are checking on, some will cost more as time goes on, after the initial fee, its the small print that gets you at times. Also read the terms and agreements form as well. This is really important when it comes to online classes, because when you are actually taking these online classes, you want to be sure they are legitimate and not superficial. You want to get that degree or diploma, certificate, whatever the end result would be. There are ways of reassuring that the online classes you are looking into are legitimate through other web searches.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	Some online classes are offered through actual colleges, while other online classes are basically offered by an independent web site institution of some kind, but they all should have some form of proving they are legitimate.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	As far as cost, of course that is all going to vary depending on what online classes you want to take, how many you want to take, and of course from where you are taking the online classes through.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	Having general access to the Internet helps in these procedures as well as gives you the variety of finding the online classes you need. If for some reason you do a search and cant seem to find certain online classes in your search, try looking at various colleges, sometimes they are listed that way by the search engines.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	Taking online classes today is as normal as walking into a classroom. There is such a high variety of subjects and career opportunities and with the use of technology more people are taking advantage of the Internet and signing up for more online classes.	+	6. Frees the agent client up to focus on business building activities.
-	Ultimately, there are some online classes also available where you can train or learn at your own pace. You arent shoved into one phase to another until you are ready. With this type of online classes you can do it in your spare time or after work, whenever you get the chance. By simply using online classes.	+	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.