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-	Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments.	+	What Is a Transaction Coordinator?
-	The Canadian company made a net loss for the three months to 3 March of $125m (�78m), compared with a profit of $934m a year earlier.	+	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:
-	Revenues fell to $4.2bn from $5.2bn.	+	1. Responsible for processing of all contracts through closing.
-	The firm also suggested it would refocus on the corporate market rather than on individual consumers.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	It also announced the resignation of former co-chief executive Jim Balsillie.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	Chief technology officer David Yacht will also be standing down.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	Shares in the company fell as much as 9% in after-hours trading following the trading statement. They have fallen by 80% over the past year.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	Shipments of BlackBerry smartphones in the quarter fell to 11.1 million, down 21% from the previous three-month period.	+	6. Frees the agent client up to focus on business building activities.
-	Shipments of the company's PlayBook tablets hit 500,000, largely due to substantial discounting.	+	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:
-	For the full financial year, the company made a net profit of $1.2bn, down from $3.4bn in the previous year.	+	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.
-	The results were worse than analysts had expected and RIM shares fell sharply in after-hours trading.	+	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.
-	Corporate focus	+
-		+
-	RIM has struggled to keep up with rivals in the smartphone market, such as Apple's iPhone and handsets running on Google's Android operating system.	+
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-	It has also struggled to gain a foothold in the tablet market.	+

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Current revision as of 05:35, 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.