![]() There are often several parties involved in a real estate transaction, including a buyer, seller, banks and title companies. These professionals can help manage this process, including creating the escrow account and managing it. The buyer puts their money into the escrow account, and the account releases the money once the seller meets all contractual obligations regarding a property's sale. An escrow account is essentially a holding account between the seller and the buyer in a real estate transaction. ![]() Related: 17 Types of Real Estate Jobs To Explore Manage escrow accountsĪ transaction coordinator may also manage escrow accounts in a real estate sale. These professionals might also check that paperwork is current and relevant to reflect ongoing and changing negotiations agreed to by the sellers and buyers of a real estate deal. The coordinator reviews the paperwork and ensures the signing of all documents. Here are some of the duties a transaction coordinator typically performs: Conduct contract reviewsĪ transaction coordinator often completes paperwork associated with completing a real estate transaction. ![]() Related: How To Start in Real Estate What does a transaction coordinator do? These coordinators usually handle many of the tasks and paperwork associated with the process of closing a real estate deal. In some instances, a transaction coordinator may work directly for a property seller. These professionals sometimes work for real estate agents, helping to facilitate property sales. View more jobs on Indeed View More What is a transaction coordinator?Ī transaction coordinator is a professional who completes tasks related to real estate sales.
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