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Copy of Why do you need a transaction coordinator?

When it comes to being a real estate agent, there is a lot more to the process than submitting offers and handing over the keys. A typical transaction involves a multitude of tasks from start to finish that require coordination, expertise, and dedication.

Initially, many solo REALTORs opt to handle the transaction process themselves. There are two great reasons to do so. First, it allows the agent to have more control over the process. Completing transactions will also help them understand the processes and potential pitfalls, which is useful if they decide to add more agents to their real estate team. Additionally, most new real estate agents don’t have enough transactions or an operating budget big enough to hire a Transaction Coordinator at the beginning of their career

However, once an agent is working with several buyer and seller clients at the same time, a Transaction Coordinator is essential. Having the aid of a transaction coordinator ensures everything runs smoother, so the agent doesn’t get burned out working excessive hours trying to juggle too many tasks at once. Additionally, the extra time can be utilized on marketing yourself as a real estate agent.

Think about the work and time that goes into a single real estate transaction:

  • Showing homes to clients

  • Conversing with clients

  • Creating listings on MLS

  • Writing offers

  • Negotiating concessions

  • Inspection coordination

  • Lender coordination

  • Title company coordination

  • All the stuff that comes up during a transaction that you wish didn’t!

The above list is just the tip of the iceberg and doesn’t cover all of the paperwork, computer hours logged-in, telephone calls, miles on the road driving from listing to listing, open houses, and more. Many REALTORs work 6-7 days a week and often express that there are simply not enough hours in the day to complete everything, especially when the market is hot.

Undoubtedly, hiring a transaction coordinator is one of the best hires any real estate agent can make. The transaction coordinator will lighten the agent’s load so they can spend more time with clients, sending real estate marketing mailers, and focus on getting additional transactions under contract.

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