![]() ![]() Sometimes a real estate transaction coordinator orders a natural hazard disclosure statement on behalf of the seller or schedules a home inspection for a buyer. A few days before a deadline, the real estate transaction coordinator calls or emails a reminder to the real estate agent, so that all responsibilities are met. Transaction coordinators are in charge of creating timelines for important dates such as deadlines for loan and inspection contingency removals. Additionally, the real estate transaction coordinator sends the cooperating agent any necessary disclosures required by law. The real estate transaction coordinator arranges for pickup of the initial deposit money. Escrow DutiesĪ real estate transaction coordinator receives a ratified purchase contract from an agent, opens the escrow and supplies the escrow or title officer with the necessary information to begin the process of managing the file. Formal training is not necessarily required, nor is any specific college degree. Regardless of licensing, a real estate transaction coordinator needs a solid clerical or administrative background and some knowledge of real estate as a job prerequisite. Unlicensed real estate transaction coordinators cannot negotiate or disclose pricing terms to clients. Benefits of having a real estate license include a potential for increased pay and the ability to communicate more effectively with agents and clients. ![]() Real estate transaction coordinators can be either licensed or unlicensed real estate agents. ![]()
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