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Transaction Coordination for Real Estate

Team Double-Click® is pleased to offer Transaction Coordinators and Online Transaction Management services to its real estate clients.

Definitions:

Transaction Management (tran-sakshen, -zak-) (man ij-ment) - The act, manner, or practice of managing; handling, supervising, or controlling a real estate transaction.

Online Transaction Management (on lin, ôn-) (trans-sakshen, -zak-) (man ij-ment) - The act, manner, or practice of managing, handling, supervising, or controlling a real estate transaction via a secure online environment.

Virtual Transaction Coordinator (vûrchoo-l) (tran-sskshen, -zak-) (ko-ôrdn-at, -t ôr) - A living, breathing, highly trained and skilled individual who manages, handles, supervises, and helps to control a real estate transaction utilizing online transaction management software. The Virtual Transaction Coordinator does not take up office space, desk space, electricity, or computer time because s/he works remotely from her/his own office.

Team Double-Click® Virtual Transaction Coordinator (tem) (dubl) (klk) (vûrch-l) (trn-skshn, -zk-) (k-ôrdn-t, -t ôr) - A living, breathing, Team Double-Click® certified and highly skilled individual who manages, handles, supervises and helps to control a real estate transaction. The Team Double-Click® Virtual Transaction Coordinator does not take up office space, desk space, electricity, or computer time because s/he works remotely from her/his own office. Additionally, this individual is backed by Team Double-Click's experienced staff and proven virtual-working systems.

Are you losing time, money and clients because you're spending too much time managing your own transactions? Studies have shown that the average agent spends about 19 hours managing a single transaction. That's a lot of lost time. How many properties can you show in 19 hours? How many leads can you call or visit in 19 hours? You can begin to recoup some of that lost time by first utilizing an online transaction management system, such as RELAY^TM rather than a retro paper system. Your next step should be to hire a Virtual Transaction Coordinator. If you're an average agent earning $75,000 a year, you will spend over $700 of your own time handling one single transaction, more if your annual income is higher than the average. With online transaction management software coupled with a Virtual Transaction Coordinator, you can easily save time and money on each transaction by delegating to a Transaction Coordinator.

What's more, it's becoming commonplace for agents and brokers to pass the cost of transaction coordination along to the client. Just as the closing statement tends to include a line item for a title search, many are now including a line item for transaction coordination.

Benefits of hiring a Team Double-Click® Transaction Coordinator to handle your transactions online.

Note: Team Double-Click® prefers and recommends the RELAY^TM online transaction management system. Team Double-Click's Transaction Coordinators are trained in RELAY^TM but are able to perform transactions on your behalf on other platforms assuming you can give them access to that system.

•  You can work from most any location - including your own home.
•  Frees up more of your time to sell more thus make more money.
•  Experienced Transaction Coordinators who know the business.
•  Transaction Coordinators can keep the escrow on time, on track, and on target.
•  Save time and money on each transaction by delegating to a Transaction Coordinator.
•  Password-protected online environment.
•  Access to files 24/7 and wherever you have an internet connection.
•  Enhances and optimizes communications with customers and clients.

What does a Team Double-Click® Virtual Transaction Coordinator do?

• He or she will do the paperwork while you go out and sell more properties.
  
• He or she will maintain all the paperwork and contacts for you.
• Order necessary documents at your request or the client's request.
• Maintain contact with the attorney, title company, loan institution, appraiser, inspector, and other players throughout the buying or selling process.
• Will ensure a seamless flow of documents between all players in the real estate transaction.
• Ensure that all players are notified in a timely manner.
• Be sure that all documents and forms required for closing are prepared for the agent or broker.
• Schedule appointments.
• Team Double-Click's certified and experienced Virtual Transaction Coordinators are able to handle all of your transaction needs. We make the virtual transaction experience as easy as possible for you and your clients.
• Each of our clients is assigned a single Virtual Transaction Coordinators (more if you're extra busy or own a large brokerage); you're never bounced from coordinator to coordinator. This allows for strong relationship building between you and your Virtual Transaction Coordinators and your clients and colleagues.
• Whenever you need the assistance of your Virtual Transaction Coordinators, it's as easy as picking up the phone and giving her/him a call or firing off an email.