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Virtual Time
     Saver
Your Professional Contract
 to Close And Transaction
       Coordinator

      Marle Sanders, REVA
Benefits of Hiring a
Transaction Coordinator (TC)
       BIGGEST BENEFITS of using a Transaction
                   Coordinator

    Time Savings! It’s estimated that the average
  transaction coordinator spends about 12.5 hours
    on a file. That’s 12.5 hours of work your TC will
  save you. That means the ability to use your time
    more efficiently on other transactions or simply
          spend more time with your family.

  Stress Reductions! The profession of a real estate
  agent is listed as one of the 10 most stressful jobs.
    When things get crazy and you’re putting out
  fire after fire, it is important to know that your TC
                    is there to assist you.
Even More Benefits
  No   Assistant Overhead
      No holiday pay
      No sick pay
      No health Insurance
      No paid Benefits of any kind

   And I work even when you don’t
My Personal Priorities
   Confidentiality                    Ethics> You will find that I am
       All client information is
        kept confidential                  Professional
       All Agent information is           Honest
        kept confidential                  Loyal
       Sign confidentiality form          Realistic
                                           Friendly
   Customer Service                       Knowledgeable
       Always make sure the               Fair
        customer is happy both             Trustworthy
        client and agent                   Dependable
       Hand hold and walk                 Organized
        client step by step
                                           Compassionate
        through the buying or
        selling transactions once          Open to ideas and suggestions
        a contract is signed               A good listener
What a Transaction
Coordinator does for you

          Making the offer
 Submitting    an Offer
     Agent submits a contract request form to the TC
     Agent submits a buyer information form to the TC

     Your TC will
       draftthe contract, IBS, Third Party Financing and all other
        required addenda (HOA, non-realty items, etc.)
       request a pre-qual letter from the clients lender
       send all paperwork to buyer for approval and signature
       Send signed contract and all other paperwork to LA and
        monitor acceptance
What a Contract to Close
Coordinator does for you
       When the offer is accepted

   Verify all signatures, initials and dates
   Execute the contract
   Coordinate pick up of earnest and option money from buyer
    to Title Company
   Send the executed contract to Title, Lender, LA and you
   Introduce myself to each party and let them know I work on
    behalf of you and to copy me on all correspondence
   Provide an Under Contract Contact list with all parties
    information and important dates
   Ensure receipted contract is obtained from Title
   Request all required documentation from LA, i.e. Sellers
    disclosure, survey, ECAD reports, LBP, etc.
Contract to Close cont.
   Schedule the inspection with preferred inspector
     Request CBS code, verify utilities are on, provide
      inspector with MLS and home info
     Send inspection date/time to buyer and LA
     follow up for written report and send to Agent and
      Buyer only

   Enter all events on Agent’s calendar
     End of Options
     End of Financing period
     Inspection date
     Walk Through / Final Walk Through
     Closing
Contract to Close cont.
   Assist with amendment writing and send to buyer
    and seller for signatures
   Execute and send amendments to Title Company
    and Lender, buyer and seller
   Follow up with LA on any repairs / receipts, if
    required
   Provide the buyer with Insurance referrals and
    ensure buyer obtains insurance
   Forward all Title work from Title Company to buyer
   Ensure all sellers disclosures, LBP and all other
    documents requiring signature are all signed by
    appropriate party and forwarded to buyer, LA,
    Title and Lender and you as required
Contract to Close cont.
   Order survey if needed and Home Warranty
   File all contract documentation in a shared folder for
    your access (Dropbox, Google-docs)
   Ensure all parties are ready to close and schedule
    buyer’s closing at buyer’s time preference
   Request HUD-1 and Final HUD
   Furnish Agent DA to Title for funding
   Confirm disbursement was paid
   Send Buyers a congratulations email
   Send Lender, Title and LA Thank you emails
Agent Responsibilities
    Review Title work
    Review HUD 1
    Answer all questions TC is not licensed to answer
    Negotiate
    Advise
    Provides TC access to MLS, Dropbox, Docusign,
     any software required to assist
    And most IMPORTANTLY
                 KEEP YOUR TC INFORMED
Listings
After the listing is acquired by Agent
    Your TC can:
      Upload your listing to the MLS, with pictures, virtual tour,
       sellers disclosure, survey etc.
      Order flyers, postcards, pictures, virtual tour etc.
      Place signs, lockbox and flyers on property
      Add listing to Agent website, craigslist, or other website
      Collect all signed listing documents from seller
      Inform sellers of showing appointments
      Sit in on open houses
      Mass mailing of “Just Listed” postcards
      Update sellers as necessary per your request
      Update MLS as required
Listings
When an offer is received
   Forward new offer to Seller for review
   Initiate signatures and changes per your request
   Forward signed contract to buyer agent
   Wait for contract to be accepted and executed
   Request receipted contract from Title
   Introduce myself to each party and let them know I work
    on behalf of you and to copy me on all correspondence
   Provide an Under Contract Contact list with all parties
    information and important dates
Listings cont.
When an offer is received
    Enter all events on Agent’s calendar
      End of Options
      End of Financing period
      Inspection date
      Walk Through / Final Walk Through
      Closing
    Ensure receipted contract is obtained from Title
    Forward all required documents to buyer i.e.: Sellers
     disclosure, survey, LBP, ECAD etc.
    Update MLS status
    Request Inspection details, proved CBS code and notify
     sellers of dates
    Forward any amendments to sellers for review and
     signature
Listings cont.
When an offer is received
    Prepare any amendments as needed
    Notify Sellers of any scheduled repair work or contractor
     visits
    Forward any repair receipts or other required addenda to
     Title
    Forward any Title work to sellers
    Receive all documents signed by both parties
    File all contract documentation in a shared folder for your
     access
    Ensure all parties are ready to close and schedule seller’s
     closing at seller’s time preference
    Request HUD-1 and Final HUD
    Furnish Agent DA to Title for funding
    Confirm disbursement was paid
Listings cont.
After the Closing
   Update and close MLS
   Remove Signs and lockboxes if required
   Send Sellers a congratulations email
   Send Title and Buyer agent Thank you emails
Agent Responsibilities
    Listing Presentations
    Provide Seller with Listing agreement
    Acquire the Listing
    Produce the CMA for Seller
    Produce the Net Sheet for Seller
    Advise
    Negotiate
    Provides TC access to MLS, Dropbox, Docusign,
     any software required to assist
    And most IMPORTANTLY
                  KEEP YOUR TC INFORMED

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Virtual time saver

  • 1. Virtual Time Saver Your Professional Contract to Close And Transaction Coordinator Marle Sanders, REVA
  • 2. Benefits of Hiring a Transaction Coordinator (TC) BIGGEST BENEFITS of using a Transaction Coordinator Time Savings! It’s estimated that the average transaction coordinator spends about 12.5 hours on a file. That’s 12.5 hours of work your TC will save you. That means the ability to use your time more efficiently on other transactions or simply spend more time with your family. Stress Reductions! The profession of a real estate agent is listed as one of the 10 most stressful jobs. When things get crazy and you’re putting out fire after fire, it is important to know that your TC is there to assist you.
  • 3. Even More Benefits  No Assistant Overhead  No holiday pay  No sick pay  No health Insurance  No paid Benefits of any kind And I work even when you don’t
  • 4. My Personal Priorities  Confidentiality  Ethics> You will find that I am  All client information is kept confidential  Professional  All Agent information is  Honest kept confidential  Loyal  Sign confidentiality form  Realistic  Friendly  Customer Service  Knowledgeable  Always make sure the  Fair customer is happy both  Trustworthy client and agent  Dependable  Hand hold and walk  Organized client step by step  Compassionate through the buying or selling transactions once  Open to ideas and suggestions a contract is signed  A good listener
  • 5. What a Transaction Coordinator does for you Making the offer  Submitting an Offer  Agent submits a contract request form to the TC  Agent submits a buyer information form to the TC  Your TC will  draftthe contract, IBS, Third Party Financing and all other required addenda (HOA, non-realty items, etc.)  request a pre-qual letter from the clients lender  send all paperwork to buyer for approval and signature  Send signed contract and all other paperwork to LA and monitor acceptance
  • 6. What a Contract to Close Coordinator does for you When the offer is accepted  Verify all signatures, initials and dates  Execute the contract  Coordinate pick up of earnest and option money from buyer to Title Company  Send the executed contract to Title, Lender, LA and you  Introduce myself to each party and let them know I work on behalf of you and to copy me on all correspondence  Provide an Under Contract Contact list with all parties information and important dates  Ensure receipted contract is obtained from Title  Request all required documentation from LA, i.e. Sellers disclosure, survey, ECAD reports, LBP, etc.
  • 7. Contract to Close cont.  Schedule the inspection with preferred inspector  Request CBS code, verify utilities are on, provide inspector with MLS and home info  Send inspection date/time to buyer and LA  follow up for written report and send to Agent and Buyer only  Enter all events on Agent’s calendar  End of Options  End of Financing period  Inspection date  Walk Through / Final Walk Through  Closing
  • 8. Contract to Close cont.  Assist with amendment writing and send to buyer and seller for signatures  Execute and send amendments to Title Company and Lender, buyer and seller  Follow up with LA on any repairs / receipts, if required  Provide the buyer with Insurance referrals and ensure buyer obtains insurance  Forward all Title work from Title Company to buyer  Ensure all sellers disclosures, LBP and all other documents requiring signature are all signed by appropriate party and forwarded to buyer, LA, Title and Lender and you as required
  • 9. Contract to Close cont.  Order survey if needed and Home Warranty  File all contract documentation in a shared folder for your access (Dropbox, Google-docs)  Ensure all parties are ready to close and schedule buyer’s closing at buyer’s time preference  Request HUD-1 and Final HUD  Furnish Agent DA to Title for funding  Confirm disbursement was paid  Send Buyers a congratulations email  Send Lender, Title and LA Thank you emails
  • 10. Agent Responsibilities  Review Title work  Review HUD 1  Answer all questions TC is not licensed to answer  Negotiate  Advise  Provides TC access to MLS, Dropbox, Docusign, any software required to assist  And most IMPORTANTLY KEEP YOUR TC INFORMED
  • 11. Listings After the listing is acquired by Agent  Your TC can:  Upload your listing to the MLS, with pictures, virtual tour, sellers disclosure, survey etc.  Order flyers, postcards, pictures, virtual tour etc.  Place signs, lockbox and flyers on property  Add listing to Agent website, craigslist, or other website  Collect all signed listing documents from seller  Inform sellers of showing appointments  Sit in on open houses  Mass mailing of “Just Listed” postcards  Update sellers as necessary per your request  Update MLS as required
  • 12. Listings When an offer is received  Forward new offer to Seller for review  Initiate signatures and changes per your request  Forward signed contract to buyer agent  Wait for contract to be accepted and executed  Request receipted contract from Title  Introduce myself to each party and let them know I work on behalf of you and to copy me on all correspondence  Provide an Under Contract Contact list with all parties information and important dates
  • 13. Listings cont. When an offer is received  Enter all events on Agent’s calendar  End of Options  End of Financing period  Inspection date  Walk Through / Final Walk Through  Closing  Ensure receipted contract is obtained from Title  Forward all required documents to buyer i.e.: Sellers disclosure, survey, LBP, ECAD etc.  Update MLS status  Request Inspection details, proved CBS code and notify sellers of dates  Forward any amendments to sellers for review and signature
  • 14. Listings cont. When an offer is received  Prepare any amendments as needed  Notify Sellers of any scheduled repair work or contractor visits  Forward any repair receipts or other required addenda to Title  Forward any Title work to sellers  Receive all documents signed by both parties  File all contract documentation in a shared folder for your access  Ensure all parties are ready to close and schedule seller’s closing at seller’s time preference  Request HUD-1 and Final HUD  Furnish Agent DA to Title for funding  Confirm disbursement was paid
  • 15. Listings cont. After the Closing  Update and close MLS  Remove Signs and lockboxes if required  Send Sellers a congratulations email  Send Title and Buyer agent Thank you emails
  • 16. Agent Responsibilities  Listing Presentations  Provide Seller with Listing agreement  Acquire the Listing  Produce the CMA for Seller  Produce the Net Sheet for Seller  Advise  Negotiate  Provides TC access to MLS, Dropbox, Docusign, any software required to assist  And most IMPORTANTLY KEEP YOUR TC INFORMED