What is a Transaction Coordinator?
Definition of a Transaction Coordinator: A person who assist the agent and broker in the processing of the real estate file. Gathering all information, paperwork, and following up of the contractual items. Putting together the final Broker file of the real estate transaction.
What duties does a transaction coordinator handle?
Our services are tailored to your own working style and your brokerage requirements.
Follow instructions form purchase agreement
Set-up timelines for contractual obligations and contingency removals
Identify what paperwork is required from each party
Recognize which disclosures are required
Complete the documentation required in order to submit a completed broker file
Collaborate with title companies, lenders, and vendors to work together to close the transaction
What if my broker requires the use of a specific platform?
No problem! We are experienced with a variety of real estate platforms and will help you meet your broker’s compliance objectives?
Do I need a TC?
Without a doubt. All high performing real estate teams have a designated transaction coordinator. A TC is an integral part of the team and can help improve efficiency and overall customer experience. Additionally, some brokerages do not pay agents unless their files are complete, so you run the risk of not getting paid.
Hiring a TC is just as important for agents who do less sales a year given that the transaction forms are constantly changing and there are form revisions to stay on top off. These agents also typically hold other jobs and do not have the time or ability to track down signatures and compliance documents.