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Revision as of 23:00, 12 March 2013 (edit) 173.237.181.16 (Talk) ← Previous diff		Current revision as of 05:35, 9 December 2017 (edit) (undo) 36.37.223.228 (Talk)
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-	I've noticed it come about time and once again to programmers, network engineers and administrators, and other IT personnel.  They get a strong IT position, a great-paying job, and they get comfortable.  They stop maintaining up with the newest technologies, they stop studying, they no longer hold their CCNA, MCSE, and other industry certifications up-to-date.... and then one particular day, their comfy job is gone.	+	What Is a Transaction Coordinator?
-	Perhaps they get laid off, possibly the firm moves and they never want to move with it... but for one particular purpose or one more, they are in the worst position achievable.  They have no job, and they have permitted their IT expertise to deteriorate to the point where they are no longer employable.	+	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:
-	If you're in IT, you need to be consistently finding out. You should continually take the extended view, and ask oneself three essential queries. Very first, where do you want to be in three years?  Second, what are you performing now in order to reach this objective?  And finally, if you have been laid off nowadays, are your existing capabilities sharp enough to quickly get yet another job?	+	1. Responsible for processing of all contracts through closing.
-	That third query can be the hardest of all to answer honestly.   I'm reminded of Microsoft announcing years ago that they would no longer be recognizing the MSCE four. certification, given that the network operating systems that certification was based upon would no longer be supported by MS.  (Hold in mind that this change was announced months in advance, giving those holding the MCSE 4. a lot of time to earn the most current MS certification.)	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	Some MCSE 4.0s just went nuts.  Microsoft's certification magazine printed letter right after letter from angry MCSEs saying that their company would always run NT 4., and that there was no cause for them to ever upgrade their certification.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	This wasn't just denial. This was profession suicide.  Let's say that their network never moved from NT four..  Let's also say that they got laid off yesterday.  Would you want to go out into the existing IT workplace and have your most recent network operating system expertise be on NT 4. ?  I positive would not.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	The truth is that you've got to continue studying, continue increasing, and continue studying new things if you want to have a successful long-term IT profession. If you plan on studying only one subject, obtaining into IT, and then in no way cracking a book again, you're entering the incorrect field. And for those of us who have been in it for a while - once more, ask oneself this query: "Am I ready for what would take place if I were laid off these days?"  And if you're not, do one thing about it!	+	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 05:35, 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.