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-	It is virtually May and prom season is upon us.  I keep in mind the shopping for dresses when I was younger.  I dragged my mom to each dress shop in our city and then I think I ended up obtaining a dress I saw at the very first retailer we went to isnt this what 17 year old girls constantly do? Prom season is an thrilling and stressful time for young girls.  Discovering a date, arranging a limo, ordering corsages, and all the other tiny specifics that go into preparing a prom.	+	What Is a Transaction Coordinator?
-	I have to say even though the dress shopping was the very best element.  Granted by the end it was frustrating and tiring, it was nonetheless enjoyable to try on such a wide array of sparkling littering gowns, in the desperate search fro the a single that would make you feel like Cinderella at the ball.  I believe I should have tried on 100 dresses my senior year, but I started early.  As any experience shopper knows, you have to commence shopping months in advance otherwise there is nothing left except huge plus size prom dresses and little tiny issues that a 12 year old could fit into. Believe me the dress choice is of the utmost significance.  Every girl wants to be the prettiest girl at the prom and it is a difficult choice.	+	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 initial prom I went to I put off the dress shopping and ended up having a really challenging time discovering a dress. I thought about acquiring a plus size prom dress and getting it taken in simply because there was nothing at all left in my size. I kicked myself for a whilst but in the finish I identified the most excellent dress any person could have imagined. It sounds frivolous and superficial but for a lot of girls their very first prom is the very first major formal occasion they get to attend and obtaining that dress that tends to make you feel like a princess is vital.	+	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.