A real estate transaction coordinator is anunbiased third party who provides assistance to the seller during the real estate transaction process. They are responsible for ensuring that everything runs well, including customer service, administrative requirements, and knowledge support.
People also ask
What does a re transaction coordinator do?
A RE Transaction Coordinator is someone who assists with the legal aspects of buying, selling, or investing in residential real estate property for their clientele. They are not agents like we see on TV or online, but instead, they work alongside an agent to make sure that everything goes smoothly from start to finish in a real estate transaction.
What is the role of a coordinator in real estate transactions?
Another role of a coordinator in real estate transactions is to stay on top of all communications between buyers, sellers, real estate agents involved with the sales process, and other brokers.
What are the disadvantages of hiring a transaction coordinator?
Agents can improve their efficiency and productivity as real estate professionals by hiring transaction coordinators to assist them in the process. However, there are also disadvantages if agents hire a transaction coordinator. A real estate agent needs to pay a fee for the services provided by the transaction coordinator.
Do you need a license to be a transaction coordinator?
Despite the differences, no state requires transaction coordinators to secure a license before working in the field. Nonetheless, it is common for a transaction coordinator to have a license as a real estate agent or broker.