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.
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.
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!