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real estate transaction coordinator

real estate transaction coordinator

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real estate transaction coordinator

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  1. Real Estate Transaction Coordination Real Estate Transaction Coordination is taking a real estate transaction from the point of contract ratification through to closing. Real estate transaction coordination is a service that a real estate agent/broker performs on behalf of their clients. Some real estate agents give these tasks to an assistant or a company specializing in transaction coordination. Companies that perform these services are Real Estate Transaction Management companies or Real Estate Transaction Coordinator companies. An individual coordinator's duties vary greatly depending on whether or not the person has a real estate license. Also, the requirements for who can perform real estate transaction coordination differ from state to state. Coordinator Duties: coordinating the appraisal appointment obtaining home insurance quotes scheduling inspections, water, and perc test collecting repair and maintenance receipts calling and chatting with mortgage lenders sending contracts and paperwork to the real estate settlement company drawing up real estate listing and sales agreements reviewing documents for quality assurance filing and organizing electronic documents getting signatures for contracts making sure utilities are turned on/off before closing arranging closing time and location emailing documents to brokers, home buyers, and home sellers. returning emails, calls, and texts ordering HOA, POA, or condominium association documents for review. entering information into software platforms following up with home buyers and home sellers after their real deal closes

  2. Compensation: If you're thinking about hiring real estate transaction coordinator a transaction coordinator as an employee, the national salary average is around $44K/year. In comparison, real estate transaction management company has a fee range from $450-$1000/transaction. Fees can fluctuate depending on variables like transaction volume, experience, and the types of tasks to be completed. Technology: Real estate transaction coordinators use a bunch of different software to manage transactions. Sometimes they use software their clients are familiar with already. If they do not use their client's existing software, they typically use a deal centric software solution.

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