Real Estate transaction coordinators help keep us out of trouble

By
Real Estate Agent with Alain Pinel BRE 01367196

Real Estate transaction coordinators help keep us out of trouble

We may seethe, complain, throw a hissy fit when transaction coordinators remind us what we’re missing in terms of our paperwork. And we may gnash our teeth when we don’t get paid if the file isn’t complete. paperwork

According to CAR (California Association of Realtors), here’s a 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 on the contractual items. Putting together the final Broker file of the real estate transaction.

 

Here’s the job description for transaction coordinators. According to this writer, they are an “underutilized asset.


Give our transaction coordinators kudos for doing their job-- which is making sure we have all our disclosures and other communications complete and on record.

Think of them in another way as the lawsuit-prevention department.
In a litigious society where people are so quick to threaten a lawsuit, it is the natural course of business to CYA (Cover your A__).  Because we are so busy trying to make deals, we may sometimes ignore the details. That’s where our transaction coordinators come in. They keep us on the straight and narrow. Check and double check.

Cheers to all you transaction coordinators. We appreciate you!

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Topic:
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Location:
California
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Tags:
california association of realtors
real estate transaction coordinator
transaction coordinator job description

Comments 7 New Comment

Rainmaker
647,221
Barbara Hensley
Homes for Sale in Rockwall County, Texas
RE/MAX Properties

Patrica - I have not used a transaction coordinator yet either I are my assistant does it all.  Thanks for the post  a great read.  I am going to consider this so that our time could perhaps be better spent in other areas.

July 22, 2012 12:10 PM
Rainmaker
657,392
Pacita Dimacali
Alameda/Contra Costa Counties CA
Alain Pinel

Barbara ---  having an assistant is nearly if not better than having a transaction coordinator. But it helps to have someone looking out for us in this manner.

July 22, 2012 12:12 PM
Rainmaker
177,110
Erv Fleishman
Luxury Prop Specialist Realty Associates
Realty Associates

Nothing wrong with another set of eyes and ears. 

Sometimes we are blind or deaf to the obvious.

July 22, 2012 12:40 PM
Rainmaker
409,911
Jim Patton
Realtor - Stanislaus & Merced county Realtor.
Century 21 M&M - 209-633-2839

Pacita - I agree with you.  It's good to have that extra set of eyes on the contract to make sure all is done correctly.   I use a TC on all my transactions.

July 22, 2012 01:16 PM
Rainmaker
657,392
Pacita Dimacali
Alameda/Contra Costa Counties CA
Alain Pinel

Erv --- yep, sometimes we are totally oblivious

Jim --- as they say, "the devil in the details"

July 22, 2012 01:27 PM
Rainmaker
657,392

Pacita Dimacali

Alameda/Contra Costa Counties CA
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