Is Transaction Management Right for Your Business?
- Ali Spicer
- Jan 30, 2018
- 2 min read
Many agents do not want to be in the business of paper management. If that sounds like you, perhaps transaction management is right for your real estate business.
Also known as transaction “coordination,” a transaction manager/coordinator is a professional responsible for monitoring the deadlines and managing the tasks of a real estate transaction. The TM (or TC) will remain responsible for those items until the file has reached successful close of escrow.
Benefits of transaction management:
Focusing on core competencies Work in your zone of genius and hand the paperwork and administrative tasks off to your transaction manager.
Gain greater quality control A good transaction manager will utilize processes and systems that will deliver the same great quality results every single transaction.
Risk Management Never miss a signature again. Get a reminder for all important deadlines.
Increase customer satisfaction & gain repeat business Enjoy having someone there to reassure your anxious client that everything is on track when you’re in an all-day meeting. Transaction managers make sure the journey to closing table is as smooth of a ride as possible for your clients.
Focus on finding new clients It’s simple: if you’re pushing paperwork, you’re not prospecting, and you’re not growing your business. Transactions managers free agents up to work on their business, instead of always working in their business.
Narrows the funnel of information With the growing number of people involved in a single transaction, information is being disseminated multiple times, to multiple parties. A transaction manager is a central facilitator to remain in control of the critical communications at all times.
Time Savings Maybe it’s not prospecting you’re hoping to have extra time for. Maybe it’s watching your son play baseball or your daughter kick the winning goal. A transaction manager gives you back your precious time.
If you feel that transaction management might be what you need to reach your real estate business goals, schedule a consultation with us. We’ll learn about your business and your goals, and discuss how we can help you reach those goals.
Fine Point Transaction Management LLC is an Idaho based real estate transaction management company. We believe strong businesses are the foundation of strong communities. We exist to support local real estate agents who desire to build strong businesses through time-leverage.
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