“I am able to close anywhere from 30-60 files per month, or 30 per transaction coordinator, because I have systems, models and consistency” 1.Contact and communication with all parties to the transaction, including, but not limited: cooperating agent, Escrow owner, buyer and/or seller. Simply put, a transaction coordinator`s checklist (TC) tells your TC exactly what to do step by step after receiving a file. In PrecloseGO! You can easily create custom plans and transaction coordinator checklists with set due dates that you can manually change if necessary. You can start your TC checklist with a single click, automatically send tasks to the days due, and/or set automatic email alarms if a task isn`t completed. If you are re-having a basic model, we advise you to interview an agent or broker to ask them what steps they are going through to see a degree. Transaction coordinators often do not receive excellent training tools and expect them to know what to do. Take the time to be thorough and gather as much information as necessary to be comfortable with the scenes. However, it is important to note that a buyer`s TC checklist is different from that of a seller (also as a listing). Similarly, each real estate team or franchise team will have its own unique approach to transaction management. Your TC checklist should be tailored to your client`s specific steps, phases and needs and ideal process. Section IV: SIMPLY CONTRACTS, LLC HOLD HARMLESS: If the contract agent has registered a transaction with SIMPLYCONTRACTS, LLC, he agrees to maintain the LLC, without damages SIMPLY CONTRACTS, LLC and its employees against and with respect to all claims, claims, losses, fines, damages, expenses, obligations, commitments, recoveries and defaults, including reasonable interest, penalties and legal fees that SIMPLY CONTRACTS, LLC may or may suffer, resulting from a violation or non-performance of any of its obligations in this agreement or any other party that transmits information on the SIMPLY CONTRACTS, LLC website. While the first time this may seem like a difficult undertaking, rest assured that assigning and adapting these phases allows your agents and TCs to close transactions faster and share clear updates with customers.
At Preclose, we have the opportunity to work with some of the best real estate and transaction coordination teams in North America, and we found that the difference between a transaction management process that generates recurring revenue and a process that stays the same with customers is how you run your transaction coordination process, starting with your TC checklist. Nothing will scare you more than wondering if you sent the wrong thing at the wrong time or if you missed (gasp!) a decisive delay. Before you can create a perfectly ordered checklist, covering all the steps, dates and documents required from the contract to the conclusion, you must specify the type of bookings you manage and coordinate. By keeping each checklist and model in a central platform, Melisa TCs also receive far fewer call to record agents. Instead of picking up the phone, Melisa agents simply check the timeline of transaction coordination and can see at a glance what the next step is and when the next email is expected from their TC.