Yes!  I have two of them who I couldn't live without!  I pay them hourly - they are local and whether or not we have a deal to Close, they put in their time and do get paid, regardless.

They do more than just coordinating the transactions - they put signs in the yards, lockboxes on, plan and help host client events, etc. I jump in when needed as well.

      Not right now, but I have in the past.  I pay a trusted acquaintance an hourly rate to make sure the signs are still in the yard, run errands, etc.

      I know Brokers with large offices who have in-house staff trained to coordinate surveyors, inspectors, follow up with lenders, get feedback from showing agents, etc.   They ding the Agents a per transaction fee for the use of those in-house coordinators.

I do use one, for about 3 years now, who works virtually. She handles all the paperwork once we are under contract (listing or sale). I pay per transaction and she is 1099'd through my office and gets paid directly from escrow once we close

No I do not & my company does not charge per transaction.

No..I have a full time assistant from 10-6pm. She takes care of so many things..can't even name them all.

Yes we do.  They are paid hourly and one is local one is virtual and well worth the money.

Do you use a transaction coordinator? YES

Why or why not? My skills are financially rewarded the most money showing, selling, listing, negotiating, prospecting and solving problems. FOCUS!

In house or independent, or virtual? Independent and technically Virtual, although she's 15 miles away from me and we do have lunch on occasion.

Do you pay per transaction, and if so, how much? $425/per closed deal and $700 per dual agency.

Do you pay a fee for deals that don't close? Nope and wouldn't hire one that did do that. Never heard of one that does in my 18 years of hiring them. I've had 5 in 18 years and never have closed a deal without one except my rentals.

no, we handle our own paperwork, follow up and everything prior to closing....

My wife.

We do not. It's an expense we prefer not to spend.

Our title companies do a great job at this.

We have admin staff (in-house & one virtual) available to input listing data and process deal pendings.  The fee for such is part of our contract agreement and there is no charge for deals that don't close.

I don't use a TC.  There was one at a previous brokerage who scarred me when she carelessly sent confidential brokerage information to the buyer. Further, the TC refused to step up, take responsibility and apologize.

I decided at that point that it was in my best interest to do the paperwork myself.  It keeps me more connected to the transaction anyway.

There are plenty of great TC's, though.  Mine just wasn't one of them. 

I have systems in place and do not use a transaction coordinator. My clients liek to hear from me directly and I like knowing exactly what is happening.

No, I want to make sure that everything is correct.

Eve

I think Debe Maxwell, CRS gave you a good answer.  When we had our commercial practice, we did our own like Corinne Guest, Managing Broker mentioned, and we personally reviewed our agent's files to make sure it was perfect.  A

I do everything myself to know it is done quick and done right. When selling new homes I did, but that was 100-150 year for just me and then i did have an assistant who just did that. 

I have an associate who puts up signs and other physical odd jobs, and someone who helps with websites and miscellaneous marketing. Then I use a stager as well as a professional photographer. I try to hire out anything that doesn't include the contract itself (which would be the job of a transaction coordinator). Any client contact is done by me, I believe that's what they want. Maybe in the future I will rethink this but not at this time.

In my area, the service is 250-400 for each side. I do mine myself. 

I use myself!!!

I have my assistant do all that.

No, I don't. I put controls on the amount of business I can handle. Have thought of it though.

No

Not currently, but have had them on the past for a variety of duties!

Yes - "virtual" - per transaction

In California - Yes. Florida -Attorneys

Tara Mallane - not yet. I am still not a mega producer to have and afford the luxury of a Transaction Coordinator.

Not at this time, but may consider in the future.

 I have tried twice, and both times it saved me no time, and had to do everything myself.   

HELL NO!  Most aren't worth they bones and flesh they're made of!  I've been on deals with ones that tried to practice real estate and almost killed deals!  Transactions are so freakin simple a monkey can manage them, why do we even need these?  We've had 80+ escrows going at once and done them ourselves.

I've seen both independent and in-house.  The only good one I've seen was independent.

The fees run between $350 to $500 out here per transaction, at least that's what the buyers are charged.

I used to, but no longer

not at this time

Do you use a transaction coordinator?   Yes

Why or why not?   Many reasons but the biggest reason is an extra set of eyes.   The TC has no interaction with my clients and typically only with the TC on the other side.   I copy her on all correspondence and likewise.  She is licensed.   

In house or independent, or virtual?   In house

Do you pay per transaction, and if so, how much?   $250 or $400 if dual agency within the office.

Do you pay a fee for deals that don't close?   No

No, because we are a small office and can handle our own transactions.

I don't.

Rarely... by the time I've gotten them organized, I could do it myself. And issues come up that need me to resolve, not a transaction coordinator.

No.