#TRANSACTION COORDINATOR PROFESSIONAL#
#TRANSACTION COORDINATOR FREE#

Deliver updates to buyers, sellers, agents, and other relevant parties.Coordinate with sellers for property access when needed.Ensure documents are submitted accurately and on time.Transaction coordinator services typically include some or all of the following: Typically, a transaction coordinator manages or assists in the following areas. They work behind the scenes to deliver a quick and efficient real estate transaction process. Transaction coordinators are an invaluable part of the real estate team. However, it can still be helpful to understand what transaction coordinators do. They are typically part of a real estate agent’s team. Home sellers and buyers do not need to hire a transaction coordinator directly. They typically work closely with real estate agents to ensure that your transaction proceeds smoothly. Your broker might also be a good resource for a recommendation on an independent coordinator, too.A transaction coordinator (TC) handles many of the administrative duties related to buying and selling a home. The National Association of Transaction Coordinators has 203 members across the country, and a quick glance at a Facebook group for real estate professionals gives you the names of several others in your area.

Transaction coordination is becoming popular among agents because it gets them out from behind their computers and back in front of potential customers. Their pay is dependent on a successful closing meaning you owe nothing up-front.

The good news is that most only get paid if you get paid. It’s going to depend on the services for your market, and what services you are expecting the TC to perform. If you have to go outside, on average, it costs anywhere from $300 to $500 per transaction. You’re thinking this all sounds pretty good, but you’re wondering how much it’s going to cost you out of pocket, right? First, see if your brokerage provides on in-house-free or fee-based. Forgot that gift for the closing? They can do that, too. Your transaction coordinator is going to track all of them and make sure every “T” is crossed and nothing is missed until the closing is official.

Track Deadlines. Most contracts are littered with contingencies and due dates.

Your broker will be as happy as you are about it. The good news? A transaction coordinator can handle sending the documents, reviewing them for accuracy, and making sure they get where they need to be.

eSign, Review, Submit, Repeat. The paperwork involved in a transaction doesn’t normally top an agent’s list of favorite things to handle.

Schedule & Coordinate. Whether it’s inspections and appraisals for the buyer or a handyman for the seller, the transaction coordinator (TC) facilitates appointments with all needed vendors to make sure the right people get to the right place.

They also obtain the name and escrow number and make sure it’s given to everyone that needs to know.

Open Escrow. One of the first things a contract to close coordinator will do is collect and deliver the earnest money for the buyer.

#TRANSACTION COORDINATOR FREE#

Are you considering hiring a transaction coordinator to free up your time for lead generation? If so, here’s a list of the duties they can take on. You definitely don’t want it to be your fault if a detail is missed. On top of that, everything is on a deadline. Opening escrow, coordinating inspections and appointments, and organizing a stack of paperwork a mile high are only a few of the things real estate professionals have to do. When it comes to a home under contract, agents have to act as the ultimate project manager.

#TRANSACTION COORDINATOR PROFESSIONAL#

A transaction coordinator role handles tasks such as opening escrow and scheduling inspections and appraisals so that the real estate professional they serve can focus on lead generation.