How much do transaction coordinators charge?

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Real Estate Agent 0488515

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

 

 

 

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Rainmaker
299,380
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

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".

Jan 15, 2015 02:12 AM #1
Rainmaker
3,012,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

Jim,

Thanks for your response and suggestion.  We will take that under advice.

 

Jan 15, 2015 03:08 AM #2
Rainmaker
481,973
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

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.

Jan 15, 2015 04:52 AM #3
Rainmaker
3,012,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

Ricki,

Thanks for your comments.  If I find out anything I will send you an email.

Jan 15, 2015 08:43 PM #4
Ambassador
636,952
Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

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.

Jan 15, 2015 11:07 PM #5
Rainmaker
3,012,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

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.

Jan 16, 2015 03:36 AM #6
Rainmaker
3,173,525
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

I'm not even sure what these all are. Why can't the listing agent do it by themselves?

Jan 16, 2015 07:32 PM #7
Rainmaker
3,012,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

Larry & Sheila,

This a task an agent could easily outsource and then spend time required to managed a transaction finding more buyers and sellers.

Jan 16, 2015 11:40 PM #8
Rainmaker
314,836
Larry Matthews
Hants Realty Limited - Halifax, NS
Larry Matthews DAC Broker and Appraiser

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.

Jan 17, 2015 01:50 AM #9
Rainmaker
3,012,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

Larry,

Thanks for your comments.  That is a good solution.

Jan 17, 2015 10:13 PM #10
Rainmaker
1,251,881
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Richard:

I will be watching this post as well to see what answers head your way. 

Jan 18, 2015 12:01 PM #11
Rainer
68,328
Marcella Chrisman
Keller Williams - Glendale, AZ
Real Estate Agent Glendale Arizona Sold By chella

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.

Jan 18, 2015 09:19 PM #12
Rainmaker
3,012,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

Alan,

Thanks for your comments.  I hope we get some good input.

Jan 18, 2015 09:54 PM #13
Rainmaker
3,012,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

Marcella Chrisman,

Thanks for your comments.  I guess a pay for what you get is a good approach.

Jan 18, 2015 09:55 PM #14
Ambassador
994,761
Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

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.

Jan 22, 2015 12:01 AM #15
Rainmaker
3,012,226
Richard Weeks
Dallas, TX
REALTOR®, Broker

Sharon,

Thanks for your comments.  We are trying to determine which is the best method to provide this option to our agents.

Jan 22, 2015 08:31 PM #16
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Rainmaker
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Richard Weeks

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