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-	Proper furnace treatment and wise purchases will help you reduce the high costs of heating your house. That is great news considering that energy bills-which already are historically high-are likely to continue steadily to rise. Actually, a report in USA Today reported that homeowners typically will dsicover a 25.7 percent upsurge in heating costs when compared with last year.	+	What Is a Transaction Coordinator?
-	To lessen heating costs, authorities say that the energy efficiency of your furnace is really important. Based on Jim Miller of Amana model furnaces, "Homeowners do not have much get a handle on within the value of gas, nevertheless they usually takes measures to minimize the influence of warming costs." He gives these tips:	+	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. Have Your Heater Examined. "If which means this year you've perhaps not already done, have an authorized HVAC builder inspect your heater now," Miller stressed. "He may do a safety assessment and clean your furnace such that it works as efficiently as possible."	+	1. Responsible for processing of all contracts through closing.
-	2. When Investing in a New Furnace, Pick High-Efficiency. A furnace's efficiency is indicated by its Annual Fuel Utilization Efficiency percentage, or "AFUE," a measurement developed by the U.S. Department of Energy. The larger a AFUE, the more efficient it's. "Furnaces older than 15 years operate at efficiencies of approximately 60% AFUE. Which means that for every single dollar used on heating fees, only 60 cents actually helps warm your property, while the remaining 40 cents is lost.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	"If you were to displace that 60% AFUE furnace with a high-efficiency unit, like the Amana brand AMV9 96% AFUE Variable-Speed Furnace, you'd get 96 cents worth of warmth for every single dollar you spend toward heat your home," said Miller.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	He added that furnaces with a variable-speed fan are even more successful since the blowers usually need up to 75 percent less electricity than a standard motor. Additionally, a furnace's blower also works together the home's cooling process, meaning customers experience improved productivity year-round.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	3. Investigate Tax Breaks for High-Efficiency Heater Acquisitions. Thanks to the Power Policy Act of 2005 (EPACT), homeowners who purchase furnaces having an AFUE of 95% or higher in 2007 and 2006 may be eligible for a credit of $150. And if a variable-speed blower is used by that furnace, they could be eligible for yet another $50 tax credit.	+	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.