What is a TC? A Transaction Coordinator is at the Heart of every Closing!

By
Real Estate Agent with California Coast & Country Homes, Inc. BRE 01895773

A Transaction Coordinator (TC) is a person who manages all the paperwork required in a transaction, from listing through to closing.  She is trained on legal compliance so she know what disclosures to send out, what documents must be signed when, and sets the deadline dates based on the contract.  As you know, top salespeople are NOT good at doing paperwork, so they rely heavily on a TC.  She is the person who reviews all the documents, compiles them in the file, and prepares the file for final Broker verification.  Most of the transactions are being managed online nowadays, so the TC can be located virtually anywhere.  Large brokerages hire a full time TC on staff, but smaller brokerages use an independent TC who works for multiple brokerages at a time.  A TC is an extremely valuable team member!

NOTE:  Although I referred to a TC as "she", simply for the sake of clarity in writing, please note that a TC can be either a gentleman or a lady business professional.

How do you find a great TC? Please post answers if you know of a reliable source to find educated, trained TC's.

With Gratitude,

Regina Brown
Broker / Trainer
California Coast & Country Homes, Inc.

 

 

 

Posted by

Regina P. Brown
Broker, Realtor®, e-Pro
California DRE # 00983670
Join & post to my NEW ActiveRain group at http://activerain.com/groups/virtualoffice

www.CalCoastCountry.com

   

RealtyPro Academy online training courses for real estate agents

             

Text copyright © 2011 R.P. Brown, All Rights Reserved

Page copy protected against web site content infringement by Copyscape  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Technology & Tools
Location:
California Fresno County Fresno
Groups:
Real Estate Virtual Assistants Group
Need A Real Estate Virtual Assistant? Submit your Requests Here!
The Lounge at Active Rain
Assistants Corner
BananaTude
Tags:
regina brown
brokerage regina p brown
california real estate
transaction coordinator

Comments 10 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
876,138
Joyce Kelley
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.
Charles Stallions Real Estate Services Inc

WTG Regina I do not know what we would do without ours she is the closer/TC with the title company and Rebecca does the best job of getting us from point a to point c as in closing

April 19, 2012 12:15 PM
Ambassador
625,004
Doug Rogers
Your Pineville Louisiana Agent
Bayou Properties Realty

A good TC will allow agents to focus on selling more real estate!

April 19, 2012 01:13 PM
Rainmaker
393,240
Regina P. Brown
e-Pro Realtor
California Coast & Country Homes, Inc.

Joyce & Doug, thanks for stopping by to comment. 

Doug, you are exactly right, it the art of delegation!

I am constantly amazed by how many real estate agents and brokers don't use a TC or never heard of one before!  They are definitely living in the dark ages...

April 19, 2012 03:58 PM
Rainer
229,086
Linda Urbick
San Ramon, CA Homes for Sale - 925.415.3046
Keller Williams Realty

Regina - I don't know what I would do with my transaction coordinator. I am not a paperwork person and don't have to be so I can focus on selling real estate.

April 19, 2012 04:49 PM
Ambassador
1,089,479
Melissa Zavala
Broker, Escondido Real Estate, San Diego County
Broadpoint Properties

I would like to see more male escrow officers and more male t.c.s We do see mostly females in our neck of the woods. Here's to gender equality in all occupations.

April 19, 2012 06:48 PM
Rainmaker
393,240
Regina P. Brown
e-Pro Realtor
California Coast & Country Homes, Inc.

Linda, that's great!

Melissa, I think it's because guys are not as detailed, and I have found very few that like doing paperwork.  Even my husband tries to get me to do all his paperwork!

April 21, 2012 02:49 PM
Rainmaker
567,568
Hella Mitschke Rothwell
Hawaii & California Real Estate Broker
(808) 226-1095 or (831) 626-4000

Hi Regina: When I start hiring agents, I will definitely use a TC. An excellent way to keep your liability down re missed deadlines, etc.

April 24, 2012 05:21 PM
Rainmaker
393,240
Regina P. Brown
e-Pro Realtor
California Coast & Country Homes, Inc.

Hella, a TC will surely be of help. Thank you for posting your comment. :)

May 01, 2012 08:21 AM
Rainmaker
112,818
Teri Pacitto
Real Estate, Your Style...Your Home...My Specialty
RE/MAX Olson & Associates, Inc.

A good TC is worth his/her weight in gold...managing the paperwork after it is fully executed is the basic responsibility of the TC.  Dumping the file on your TC's desk is not what they are for. 

I see this so often that my assistant spends countless hours tracking down missing paperwork from a TC that blames the agent representing the other side who has just dumped their file on them with no explanation of what is going on. 

I'm not a paperwork person either, however the job of selling real estate deals with paperwork and accuracy of those documents.  The person hired as the real estate licensee is the responsible party for making sure all the t's are crossed and the i's dotted.  After that the TC can easily make sure that the Broker File is accurate and in compliance.  That is their job. 

 

July 10, 2012 07:12 AM
Rainmaker
393,240
Regina P. Brown
e-Pro Realtor
California Coast & Country Homes, Inc.

Teri, I agree, a TC is invaluable and should be respected as an important team member!

July 14, 2012 04:33 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the woman to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
393,240

Regina P. Brown

e-Pro Realtor
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information