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| - | Eurozone finance ministers have agreed a second bailout for Greece after marathon talks in Brussels.
| + | What Is a Transaction Coordinator? |
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| - | Greece is to receive loans worth more than 130bn euros (�110bn; $170bn).
| + | 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: |
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| - | In return, Greece will undertake to reduce its debts to 120.5% of its GDP by 2020 and accept an "enhanced and permanent" presence of EU monitors to oversee economic management.
| + | 1. Responsible for processing of all contracts through closing. |
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| - | Greece needs the funds to avoid bankruptcy on 20 March, when maturing loans must be repaid.
| + | 2. Coordinating appointments for inspections, appraisals, and closing. |
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| - | After five straight years of recession, Greece's debt currently amounts to more than 160% of its Gross Domestic Product.
| + | 3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process. |
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| - | The euro immediately rose on reports of the deal, which was announced early on Tuesday, after 13 hours of talks.
| + | 4. Responsible for proper documentation of the file to comply with brokerage policies. |
| - | Repayment takes priority
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| - | The deal also means that private holders of Greek debt will take losses of 53.5% on the value of their bonds.
| + | 5. Assures that all post-closing disbursements, filing, and procedures take place. |
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| - | When all the elements of the exchange are accounted for, the loss to investors is expected to be as much as 70%.
| + | 6. Frees the agent client up to focus on business building activities. |
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| - | Eurozone leaders and the IMF said in October that Greek debt should be reduced to a more sustainable level of 120% of GDP by 2020.
| + | 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: |
| - | Continue reading the main story
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| - | Analysis
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| - | image of Mark Lowen Mark Lowen BBC News, Athens
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| - | This is in effect uncharted territory for the eurozone - a managed Greek default, with over 50% of the country's private debt being written off. This was not even being considered as an option several months ago.
| + | 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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| - | But the Greek people will be sceptical about this bailout. The deal that has been agreed will mean more austerity and spending cuts, and even more pain for Greeks. Many will be concerned that the new measures will kill off prospects of growth and lock the country into a spiral of 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. |
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| - | Greeks say that the country's middle classes who have worked hard and pay their taxes are, unfairly, bearing the brunt of a crisis they did not create. They feel Greece's notorious corrupt politicans and wealthy Greeks who evaded tax are to blame.
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| - | The deal provides for the presence of EU monitors of Greece's economic management as some members doubt Greece's commitment to its spending pledges.
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| - | Within the next two months, Greece will also have to pass legislation giving priority to debt repayments over the funding of government services.
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| - | == retailers ==
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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.
