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