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Transaction coordinators are a mainstay in the 🏡 real estate industry, ensuring deals are kept on track and close smoothly. 

Brokers and agents come to rely on experienced and skilled transaction coordinators (TCs). Few things are worse than losing an established, long-term transaction coordinator who retires or takes another position. 

This article examines the challenges of losing a transaction coordinator and offers solutions for minimizing the adverse effects. 

Let’s start by discussing the downsides of losing a transaction coordinator. 

The Downsides of Losing a Transaction Coordinator

transaction coordinator

Losing established transaction coordination services can disrupt a real estate business, creating inefficiencies that impact deals and hamper growth 📉. 

These professionals are the backbone of smooth transactions, managing details that keep sales on track and schedule. Without them, agents face significant challenges that can derail operations and client satisfaction.

Consider the following issues that can arise with the loss of an established transaction coordinator:

  • Loss of Consistency: Transaction coordinators ensure uniform processes across deals. Their absence leads to inconsistent workflows, increasing the risk of errors and delays in closings
  • Process Knowledge Gaps: Coordinators possess deep knowledge of process timelines, paperwork, and compliance requirements. Losing them means agents must navigate these complexities on their own, often leading to mistakes

The loss of process efficiencies is only part of the problem. An established TC is likely to have cemented key relationships and may have been a familiar face or presence for clients. 

For example, think about the following relationship downsides to losing a long-term TC:

  • Weakened Relationships With Key Players: Coordinators maintain strong ties with lenders, title companies, and inspectors. Without these relationships, communication falters, slowing down transactions and frustrating partners
  • Your Brand May Suffer: A coordinator represents your brand in every interaction. Their departure can harm your reputation if replacements lack the same professionalism or alignment with your values

Finally, the consequences of losing the services of your long-term TC might negatively affect your bottom line:

  • Increased Workload for Agents: Without a coordinator, agents must handle administrative tasks, leaving less time for client engagement, marketing, and business development 
  • Potential Revenue Loss: Delays or errors in transactions can result in lost deals, directly impacting your bottom line and client trust  

The ripple effects of losing a transaction coordinator highlight the critical role they play in most real estate businesses. 

How to Reestablish Transaction Coordinator Consistency

transaction coordinator

So, you lost the services of your established transaction coordinator. What do you do now?

You want to replace the lost services, but consider these facts before hiring another transaction coordinator:

  • Partnering with an online transaction coordinator service is less expensive
  • A transaction coordination service is more reliable than an in-house or freelance TC
  • You’ll benefit from increased consistency working with a service instead of a freelance coordinator
  • Transaction coordinator services are much less likely to quit or move, leaving you high and dry

Let’s unpack these claims.

An Online Transaction Coordinator Service Is Less Expensive

transaction coordinator

Online transaction coordinator services often cost less than hiring an in-house or freelance TC. 

Ponder this statistic for a moment: 50% of the nation’s top-performing real estate brokerages employ transaction coordinators to lower costs and save time.

A transaction coordinator service operates remotely, reducing overhead expenses such as office space, utilities, and equipment, which in turn lowers their fees. 

Think about the following contrasts:

  • Many services offer flat-rate pricing, making budgeting predictable for agents
  • In contrast, in-house coordinators typically require salaries, benefits, and training costs, whereas freelancers may charge variable rates based on workload or project complexity

Online services also scale efficiently, handling multiple transactions without additional costs, unlike in-house staff who may need overtime pay. 

For example, most providers offer comprehensive support at budget-friendly rates, enabling agents to save money while maintaining high-quality service. 

By choosing an online service, agents can redirect their savings toward marketing or client acquisition, thereby maximizing business growth without compromising on quality.  

Market Leading

Real Estate Transaction Coordinators

Hand off your transactions, media, and marketing to a real estate TC.

A Transaction Coordination Service Is More Reliable Than a Freelancer 

A Transaction Coordination Service Is More Reliable Than a Freelancer 

Transaction coordination services offer greater reliability than in-house or freelance coordinators. 

Reliability affects efficiency as this fact demonstrates: Agents regularly working with a transaction coordinator see a 25% improvement in productivity.

Here is a cool summary of the most impactful TC statistics when it comes to increased sales and productivity:

AgentUp TC Statistics Infographic - Increased Sales & Productivity
Sources: nar.realtor | cttransactioncoordinators.com | voov.io | stealthagents.com | tealhq.com | helpsquad.com

Being able to rely on consistent, high-quality transaction coordination is crucial for avoiding disruptions. For example, think about the following:

  • Transaction coordinator services employ teams of trained professionals, ensuring coverage even if one is unavailable due to illness or vacation
  • In-house coordinators, while dedicated, often juggle multiple clients, which can lead to potential delays

Services have established systems to manage deadlines and paperwork with precision, reducing errors. They also provide consistent communication with lenders and title companies.

This reliability ensures closings stay on track, minimizing risks. Agents can trust services to deliver steady support, avoiding the unpredictability of individual coordinators.  

Increased Consistency Working With a TC Service Provider

Increased Consistency Working With a TC Service Provider

Working with a transaction coordination service ensures greater consistency than relying on a freelance coordinator. 

In real estate, consistency leads to success: 70% of agents who work with a transaction coordinator service experience increased revenue within the first year.

Again, consider the differences between a service and a freelancer:

  • Services implement standardized processes across all transactions, reducing variability in workflows
  • Freelancers, while skilled, may lack uniformity, as their methods can vary based on personal habits or client demands, which can lead to errors or delays

Transaction coordination services employ systematic approaches to manage paperwork, deadlines, and communication, ensuring that every deal adheres to the same high standards. 

Their teams are uniformly trained, ensuring consistent quality. This consistency builds trust with clients and partners. 

Therefore, a transaction coordinator service provides a reliable framework, ensuring seamless closings every time.

Transaction Coordinator Services Are Much Less Likely to Quit or Move

Transaction Coordinator Services Are Much Less Likely to Quit or Move

Transaction coordinator services offer long-term stability that individual TCs often can’t match. 

For example, consider this statistic: freelance TCs are 55% more likely to interrupt or cease providing support than a transaction coordinator service.

Unlike freelancers or in-house staff who may quit unexpectedly or relocate, services operate with dedicated teams, ensuring continuity of service. 

In this case, the differences are notable:

  • Transaction coordinator services are organized around continuity, wanting to stay in business, and cultivating long-term client relationships
  • Freelancers, however, may leave mid-transaction due to personal commitments, and in-house TCs often also relocate

Transaction coordinator services are structured for longevity, with established systems in place to handle turnover internally, ensuring agents aren’t left scrambling. 

This stability ensures your business isn’t jeopardized, providing peace of mind and consistent support for seamless closings every time.

Investing in reliable coordination support ensures your business stays efficient, maintains strong partnerships, and upholds your brand’s reputation in a competitive market. 

The only remaining question is, where do you find a reliable transaction coordinator service?

Allow us to suggest one of the best providers in the industry.

Market Leading

Real Estate Transaction Coordinators

Hand off your transactions, media, and marketing to a real estate TC.

AgentUp Is Your Reliable Transaction Coordinator Partner

AgentUp is the top choice for brokers and agents seeking reliable real estate transaction coordinator services.

AgentUp Transaction Coordination

We deliver excellent support with superior transaction coordination and marketing solutions.

Our comprehensive services simplify deals, minimize errors, and ensure timely closings, allowing agents to focus on acquiring new clients and expanding their business.

We operate with a skilled team of coordinators that provide detailed support, including:

  • Thorough contract reviews and friendly client welcome emails with a handy checklist  
  • Smooth teamwork with lenders, title companies, and all parties, keeping everyone aligned
  • Swift handling of title commitments, HOA paperwork, inspections, and tight deadlines  
  • Accurate closing and walk-through planning, managing every step for a seamless finish  
  • Thoughtful closing gifts, utility setup help, careful document wrap-up, and proactive gathering of client reviews to enhance satisfaction  

Unlike providers with limited services, we manage the entire process, from contract start to post-closing details, offering a complete solution for busy agents.

Moreover, our service excels with affordable rates, deep expertise, and a strong focus on precision in a fast-paced, competitive market.

Pricing:

To learn more, call  (888) 982-4368 to speak to an AgentUp TC or schedule a TC consultation

We Also Provide Marketing Support

Our service offerings extend beyond transaction coordination, providing additional benefits for real estate professionals.

With over a decade of expertise in marketing, communications, and modern digital strategies, our team creates customized approaches that attract clients and showcase properties at their best.

Discover these innovative marketing tools and see how they can elevate your real estate business:

We’re your reliable business partner for exceptional real estate transaction coordination services and innovative digital marketing tools.

So, take a look at all that we have to offer.

Sign up for a free AgentUp account today and experience the best real estate business support at unbeatable prices. 

Thank you for reading this article on what to do if I lose my real estate transaction coordinator. If you enjoyed this post, please take a moment and explore these related resources:

 

Gregory Gronbacher

Real Estate Sales Agent / Professional Blogger

Gregory is a real estate sales agent and a state-certified instructor of real estate licensing and law. Originally from New York City, he's called Grand Rapids, Michigan home since 1995.

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