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| - | Oh, yeah.
| + | What Is a Transaction Coordinator? |
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| - | The "wrong" time is not just about undesirable days of the week, like Monday morning, or undesirable occasions of the year, like Christmas Eve.
| + | 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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| - | The wrong time I'm referring to is far more internal.
| + | 1. Responsible for processing of all contracts through closing. |
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| - | Let's say you happen to be practically finished with your internet website. It will be up subsequent week, and you are virtually prepared to start taking orders. Is that the time to send out a press release? Following all, everyth...
| + | 2. Coordinating appointments for inspections, appraisals, and closing. |
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| - | Is there ever a wrong time to try to get free of charge publicity for your business, product, or service?
| + | 3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process. |
| | | | |
| - | Oh, yeah.
| + | 4. Responsible for proper documentation of the file to comply with brokerage policies. |
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| - | The "wrong" time isn't just about poor days of the week, like Monday morning, or negative occasions of the year, like Christmas Eve.
| + | 5. Assures that all post-closing disbursements, filing, and procedures take place. |
| | | | |
| - | The incorrect time I'm referring to is far more internal.
| + | 6. Frees the agent client up to focus on business building activities. |
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| - | Let's say you happen to be practically completed with your internet website. It will be up subsequent week, and you happen to be nearly prepared to start taking orders. Is that the time to send out a press release? Right after all, anything will be ready by the time the press release hits. And you do want to get your press release out as early as achievable so you can capitalize on the no cost traffic.
| + | 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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| - | Don't do it. Do not, under any situations, send out a press release prior to you have everything in location and have tested it at least 3 occasions.
| + | 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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| - | Just lately I was going to send out a release about one particular of my websites, but decided to wait until I'd created a minor modify to the report signup type.
| + | 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. |
| - | | + | |
| - | That "minor" alter threw my entire web internet site into disarray and it took more than 5 hours to get it back up. This was a reside web internet site. I had to put up a "technical problems" note and operate non-stop to repair the difficulty.
| + | |
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| - | Luckily, I had not sent out the press release, and it was a Sunday evening, New Year's Day in truth, so traffic was slow, and most people are understanding if you place up a note saying, "It is 6:31. I know about the dilemma and I'll have it fixed tonight. The internet site nevertheless functions, it just looks funky."
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| - | That is, they are understanding IF you haven't just put out a press release stating that your cool new web site is ready.
| + | |
| - | | + | |
| - | A couple of days is not going to matter in terms of lengthy-term visitors. A massive, visible error on your web website could matter a lot, if you're pushing targeted traffic to it with a press release.
| + | |
| - | | + | |
| - | Just don't put out your press release until you happen to be confident you're ready. That is the only proper time to send a press release.
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| - | | + | |
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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.
