You’ll already know how to stick to a deadline and iron out details. As a transaction coordinator, you’ll essentially be managing the “project” of the transaction. Since the job involves helping to recruit high-level senior talent for other companies, you’ll already know how to make the company (or person) you’re helping look good, and have an idea of what is needed. However, if you’re looking to know if you may be a good transaction coordinator, here are some jobs that lend themselves well to being a successful transaction coordinator. Jobs that Lend Themselves Well to Becoming a Transaction CoordinatorĪt Close Concierge, we only hire people who already have experience as transaction coordinators. Make sure that you communicate clearly and professionally with your agents and their clients, and you’ll be well on your way to becoming a top-notch real estate transaction coordinator. Above all, you’ll need to help your agents’ clients see them as a shining star so they’ll get the referrals and glowing reviews they need to keep their real estate business going. You’ll need to develop a positive working relationship with your agents as well as their clients. This is why you need to provide outstanding customer service in order to be a great TC. Most agents hire transaction coordinators because they want help with the finer points of their transactions. Generally speaking, if you’re a people-person, you may want to consider becoming a real estate agent, whereas introverts will likely prefer real estate transaction coordination. Real estate transaction coordination is essentially a “behind the scenes” job opportunity for people, since you can sit behind a computer and enter information all day. Transaction coordinator jobs are often great fits for introverted people as well. The approach you’ll have to this process can vary based on your personality, and in the beginning, you may not know when to be in control and when to be more flexible. You should also have a determination to get through those rough patches, knowing that you’ll learn and grow to better understand real estate transactions. The ability to rise to a challengeīecoming a transaction coordinator can be very intimidating when you’re first starting out. You should display high levels of control even in chaotic situations to become a top-of-the-line real estate transaction coordinator. You have to be able to stay “on your toes” during the process, since no two transactions are alike. You’ll also need to work according to a specific timeline, so if you can’t deliver something by a certain deadline, you shouldn’t look into becoming a transaction coordinator. Attention to detail and working with a timelineĪs a transaction coordinator, you’ll need to pay close attention to the details of the real estate transaction. The first step in how to become a real estate transaction coordinator involves whether you have the right qualities. The qualities prospective transaction coordinators should have mostly involve attention to detail, working with a timeline, rising to a challenge, and working behind the scenes. This frees up the agent so they can do more client-facing work. To make it short and sweet, a real estate transaction coordinator (or TC) helps the real estate agent do their job well and makes them look good by taking care of administrative duties. They ensure that the real estate transaction is compliant and that all necessary documents are submitted to the appropriate parties. They know every step of the buying and selling process and monitor progress as they communicate with all parties involved in the transaction. Transaction coordinators handle every part of a real estate transaction, from the time all parties sign the contract until closing. What are you waiting for? Let’s dive in! What is a Transaction Coordinator? Finally, we’ll close with a brief overview of transaction coordinator software that can help make your job easier. In this article, we’ll talk about what a transaction coordinator is, then talk about the qualities you’ll need and jobs that make for a smooth transition to transaction coordination.įrom there we’ll talk about training, whether you need a license or certification, and a bit of advice on getting started as a transaction coordinator. Becoming a transaction coordinator can be hard work, but if you’re a detail-oriented person who thrives in high-stress environments, it could be the perfect job for you.
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