A Transaction Coordinator is a person who takes responsibility for managing the deadlines and tasks of a real estate contract to closing. Some of the duties include:
- Responsible for processing of all contracts through closing.
- Coordinating appointments for inspections, appraisals, and closing.
- Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
- Responsible for proper documentation of the file to comply with brokerage policies.
- Assures that all post-closing disbursements, filing, and procedures take place.
- Frees the agent client up to focus on business building activities.
In many offices across the country, there are staff who are shared among the office. While this approach seems practical or beneficial on the surface because the 
coordinator is in house and can be accessed by stopping by her/his desk. It’s not always the best or most effective approach when explored further. There are many reasons. The transaction coordinator is paid by the office and is not always exclusively coordinating transactions. Meaning, they could get pulled away from their job to help the other departments such as receptionist, listing coordinating or what have you. This means they aren’t working on your transactions.
INTERRUPTIONS ARE INEVITABLE
There can also be a huge amount of interruptions in an office setting! The facts are clear, it can take more than 20 minutes to get back on task after an interruption. Most offices have no contingency for covering sick days, vacations, or when the workload is higher than normal. When the onsite transaction coordinator is out of the office, the agent is expected to handle their own transactions.
While no perfect world exists, there are solutions designed to help the agent provide the best service to their buyer/seller from contact to close without many of the most common challenges associated with having an in-house transaction coordinator.
One would be hiring your own transaction coordinator to work exclusively for you. While this may be costly, it would provide you with the ultimate solution to help leverage your time.
At RevStaffing we have solved the most common challenges that an onsite transaction coordinator faces by providing an agent focused cost-effective solution.
DO YOU NEED ASSISTANCE?
Need help trying to juggle all of those admin tasks and transactions? REVStaffing can gladly assist you with those tasks! Let REVStaffing help you to achieve your goals and increase your potential! Complete a complimentary needs analysis survey, send us an email, or call 855.REVS.VA1 today!