Our brokerage is trying to make transaction coordinations available to our agents.
Does anyone know recent charges for the following activities:
Buyer transaction coordination
Listing transaction coordination
Buyer or listing from contract to close coordination
Thanks in advance
I have seen various models but the one that I like the best is a menu of services for each task. That way, you can delegate only the parts you don't want to handle instead of delegaging the entire task and blaming someone else when they didn't do it "your way".
Jim,
Thanks for your response and suggestion. We will take that under advice.
I've always had a secretary that did all this but now I am looking for individual services too so I will come back here to see what kind of answers you get.
Ricki,
Thanks for your comments. If I find out anything I will send you an email.
We have some former Admins, (in Keller speak this is the MCA-Market Center Administrator) who went off and now work in this capacity. The do all the marketing, posting on MLS, Dot Loop transactional details for a one time fee of the listing. If you have the right person, this is great. Personally, I do this myself because I don't need marketing help and they don't do just the transactional work.
Larry,
Thanks for your comments. I also would do my own transaction management because I wanted it done right. We have some agents who would just prefer to outsource that function.
I'm not even sure what these all are. Why can't the listing agent do it by themselves?
Larry & Sheila,
This a task an agent could easily outsource and then spend time required to managed a transaction finding more buyers and sellers.
Interesting topic. I hate paperwork so I have an administrator that looks after in putting listings and filing, trust account administration and sending out commissions. We provide all that to our agents . No Charge.
Richard:
I will be watching this post as well to see what answers head your way.
In Arizona a transaction coordinator cost $150-$250 per transaction depending on the agreement that is made. Some will do all the paper work from start to finish others just help when needed.
Marcella Chrisman,
Thanks for your comments. I guess a pay for what you get is a good approach.
Some offices have in house transaction coordinators and some offices require that you use them. It is not required in my office, but I do use one.
Sharon,
Thanks for your comments. We are trying to determine which is the best method to provide this option to our agents.
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