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-	Each year, dozens of new and upcoming vehicle models are introduced to the public. Most of these automobiles debut in the internationally recognized auto shows held in world cities such as New York, Chicago, Paris, Detroit, Geneva, Tokyo and Frankfurt. The worlds automakers typically pull out all the stops when introducing their new models. In the US, GMC, Ford and DaimlerChrysler release new models as nicely as updated versions of its present models. This is usually 1 of the most exciting and hectic times within the yea especially for automotive industry insiders, automotive journalists and ordinary auto lovers like all of us.	+	What Is a Transaction Coordinator?
-	Auto shows are some of the most awaited occasions in the automotive market. The North American International Auto Show held in Detroit usually starts of the year and is viewed as one particular of, if not the most significant auto show in the sector, Here, all key automakers try to outdo each and every other in terms of new models, idea cars, new technologies and exhibits. The other major auto shows in numerous cities all more than the planet then follows suit. For the duration of these auto shows, the public gets a great glimpse of the many new automobile models. Revolutionary idea vehicles not only fire the imagination of car lovers, they are also utilized by automakers as an introduction of a future design or engineering path.	+	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:
-	Of course, not all of us have the privilege of attending all these numerous auto shows and debuts. Thats why The Auto Blog, sponsored by Auto Parts Train, is supplying people a front row seat to these auto shows. The website often reports the most notable and most newsworthy occasions as well as the newest cars introduced. The Auto Website was conceptualized by PartsTrain.com, the foremost aftermarket, collision and replacement auto components and accessories retailer in the world wide web these days, as a useful resource providing various significant info about the automotive market not only to Parts Trains loyal consumers but to the general public as properly.	+	1. Responsible for processing of all contracts through closing.
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		+	2. Coordinating appointments for inspections, appraisals, and closing.
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		+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
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		+	4. Responsible for proper documentation of the file to comply with brokerage policies.
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		+	5. Assures that all post-closing disbursements, filing, and procedures take place.
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		+	6. Frees the agent client up to focus on business building activities.
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		+	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:
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		+	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.
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		+	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.