Be More Productive By Using Real Estate Transaction Coordinator Services
Posted on: 11 December 2020
Real estate agents have been busy the past few years. The real estate market has been booming, and many agents are busier than they ever have been. Getting a lot of business is great, but it can also be overwhelming if you are trying to manage everything on your own. Even if you have an assistant, that is often not even enough help for a busy agent. If you have found yourself bogged down with a lot of transactional paperwork, there are a few really good reasons you may want to hire a company that provides real estate transaction coordinator services.
Prepare New Listings and Remove Old Listings
There is a lot of responsibility on real estate agents to prepare accurate real estate listings. Gathering all of the information you need to input it into the MLS can be very time-consuming. A transaction coordinator will manage all listings for you. They can put in all of the data for a property accurate for you and upload a listing, and they can take down a listing or mark it as closed once a property sells. Not properly managing listings can result in fines from local real estate boards, and it can make it difficult to work with other agents if the information isn't properly maintained.
Process All Paperwork for Each Transaction
There is a lot of paperwork that needs to be kept during any transaction. Contracts, earnest money receipts, and various disclosures all need to be processed by the brokerage. Keeping track of all of these documents can be cumbersome, but it doesn't have to be. A transaction coordinator can electronically process each document as it becomes available and upload those files electronically to the brokerage processing software. If your brokerage requires a hardcopy, the transaction coordinator will mail that to your brokerage for you.
Flat Fees Available
Most transaction coordinator services are provided for a flat fee. This helps you budget per transaction and factor in that fee. There may be additional costs for a transaction that requires additional work that isn't typical, but those fees are minimal in comparison to most commission amounts. If you can save time and focus on helping your clients buy and sell real estate, paying a small fraction of your commission will be worth the cost.
Success in sales is all about building relationships and making the most of your time. While real estate can be a very lucrative business, it does require a great deal of paperwork. This is why more and more agents are relying on the help of reputable real estate transaction coordinator services. Contact a real estate transaction coordinator for more information.
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