certified transaction coordinator salary

#Certified transaction coordinator salary professional

That is, that it’s completely subject to forfeiture (i.e. Not only that, but they can double-check that is it also the correct amount.Ī good transaction coordinator will also confirm the terms around the buyer’s earnest money. Your transaction coordinator can also make sure that the buyer puts the money into the escrow account on time.

As this is a binding legal document, you really do want to make sure that everything is just as it should be before you sign it and turn it in. Your transaction coordinator can look over the purchase agreement and make sure that every 'I' is dotted and every 'T' is crossed. This way, if there is ever an error or miscommunication, you will have the detailed paper trail needed to find a good solution – fast.

Your transaction coordinator will also document all of this communication meticulously. They can coordinate all communication between the buyer, seller, escrow company, involved real estate agents, and other involved third parties. When it’s time to close the escrow account, your coordinator will audit the file to ensure that all paperwork is complete and the money is where it’s supposed to be. While the money is in escrow, the coordinator should keep a close eye on it to make sure that it’s not touched until it’s supposed to be and then released on schedule.

#Certified transaction coordinator salary professional

Opening up escrow accounts can be tricky and you want to make sure that you do it correctly, so it’s best to have some professional support during this part of the process. They can help you open the escrow accounts that keep the money from your buyer safe until you can access it at the end of the closing process. Here’s a more detailed list of all the services they provide: Escrow Management If you have any questions throughout the sale, they are also your go-to point of contact.

If any issues come up with the buyer, incorrect paperwork, or concerned third parties, your transaction coordinator can help you through it. They push you along, helping you breeze through the escrow, contingency removal, and closing processes without any hiccups. What does a transaction coordinator actually do?Ī transaction coordinator is there to provide support to sellers throughout the whole property transfer process. So, especially if you already have a buyer interested in your property, using a transaction coordinator instead of a Realtor can provide you with a wealth of situational knowledge while simultaneously saving you from having to pay a steep realtor’s commission. Here's an industry inside tip: Even if you do not hire a transaction coordinator yourself, it is likely that your listing realtor will partner closely with one of these licensed assistants throughout the entire process to make sure that they complete all of your paperwork correctly. Thus, they monitor the entire process for conflict resolution from the time the seller accepts the offer until both parties have signed the closing paperwork and the buyer walks away with the keys. They understand how the flow of forms and money should work. They focus on customer service, administrative tasks, and knowledge support to make sure that everything goes smoothly.Īs they trade in transaction management, these workers usually manage all the paperwork and deadlines involved with selling a home.

Are you a top realtor? Join Clever’s networkĭo you want to close more loans? Join Clever's partnership programįind an agent What is a transaction coordinator?Ī real estate transaction coordinator is a neutral third party that helps the seller through the entire real estate transfer process.