What To Expect And Not To Expect From Transaction Coordinator

In this growing residential real estate trend, more and more agents are now considering hiring a Licensed Transaction Coordinator to help them with your business. The world knows how stressful buying and selling a home is. Therefore, it is essential to have someone who will manage the aspects of the transaction so you can focus on the things that matter, which is bringing in new business.

Tasks A Transaction Coordinator Completes

A transaction coordinator is responsible for the following number of tasks:

  • Circulating documents if the requirement arises
  • Ensuring all the purchase agreement documents are signed, completed, and initiated in all required areas
  • Ensuring all the parties to the transaction process are aware of and meet real estate deal milestones
  • Ensuring that all the milestones of the transaction process are met

Therefore, when you start working with a transaction coordinator, you can trust that an expert is on your side, helping you and your clients get to the closing table. These coordinators are impartial and prefer working in collaboration. It means that they answer your question without bias and check the contract thoroughly to ensure that you and your client’s interests are being represented.

You should consider a transaction coordinator as a valuable asset to you. Adding a dedicated and Certified Transaction coordinator to your business who will take those tasks will help you free up more of your valuable time to focus on what matters the most.

What To Not Expect From A Transaction Coordinator

  • Won’t be drafting contracts

A transaction coordinator will help prepare certain disclosures. But, they can explain everything you need to know about exposures.

  • Transaction Coordinator Doesn’t Help Negotiate

A transaction coordinator will talk with all parties to gather signatures or deliver documents. However, don’t expect them to negotiate terms with the other agent on your behalf.

  • Scheduling Inspections

Your transaction coordinator will schedule reports. But, they won’t schedule inspections.

Conclusion

The benefits of having a transaction coordinator make the deal easier and smoother. Hiring one will allow you to control your time and be a more critical part of your business.

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