Peter Mohylsky, Beach Expert, Call me at 850-517-7098 (PMI. Destin)

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Rainmaker
5,096,866
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I do not use a transaction coordinator. I do everything myself. That way I have my finger on the pulse of every step of my transactions and my clients appreciate that. I've used TA's in the past and it took me more time to follow up with them, ensure things were done the way I wanted them to be done, etc. than the time it takes me to do things myself. And my clients always resisted working with someone other than me.

 

Nov 28, 2023 09:10 AM
Ambassador
3,340,605
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I echo loud and strong Miss Nina Hollander, Broker.

Many moons ago I hired an in-house TC - what a royal PITA. I took more time following up than doing it myself. 

As an independent broker, I see it as a liability. 

Nov 28, 2023 09:54 AM
Rainmaker
1,088,937
Diana Zaccaro Broker Associate
Tropical Beachside - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

I never have and never will. I pride myself on being there every step of the way for my customers and they would not be comfortable if I handed the file (and them) off to a TC. When I worked with an agent who used a TC, it did not go well and we ended up working directly with each other to close the deal  on time. And to me, the liability issue  is huge.

 

Nov 28, 2023 11:22 AM
Ambassador
2,680,219
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     When you are competing for a listing, one discussion to have is,

    "Will the Listing Agent be hands-on from start to finish?  Will they be with you every step of the way?  Or will they just be here at the signing of the Listing Contract, then they turn you over to an Assistant (aka "a Transaction Coordinator"), and then you don't see that LA again until the day of Closing?"

 

   "For the commission you are paying, and considering that this may be the most important financial transaction of your life, don't you want a Listing Broker who will stay on top of this thing, and personally ensure that it gets to Closing?"

 

Nov 28, 2023 10:49 AM
Rainmaker
1,499,368
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've never seen the need for one.  The stuff they do takes 30 minutes out of a month's escrow to do.

Nov 28, 2023 09:51 AM
Ambassador
3,583,134
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Oh goodness Peter - we've had many transaction coordinators (office managers) or whatever you want to call them  over the years.   They have always worked solely for me and assisted our agents as well.

Nov 28, 2023 03:08 PM
Rainmaker
2,776,741
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Very useful these T.C.'s are. I have worked with one who kept pointing out to me all the docs I was missing right up until closing. Highly recco

Nov 28, 2023 09:29 AM
Rainmaker
1,533,152
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

I've had one since my 4th transaction in 1999. I've employed 4 very good ones over my career but only one worked exclusively for me...that tends to not matter much unless you're doing more than 4 deals per month.

They come to us trained, typically by our brokerage (3/4 were in-house TC's), but I trained each how to serve me and my clients.

Asset, not a liability (if trained in my expectations) would never work without one...I hire $15.00/hr work so I can perform $500/hr work. They do many hours of work I would not want to do. Some agents will downplay them to support their positions, but TC's are quite valuable and have forced me to be better with my files...my TC makes me more hands on with my files as a result- but in an efficient way that saves me time - she also catches my errors when we're in crazy busy markets which is invaluable.

Nov 28, 2023 08:49 AM
Rainmaker
2,172,663
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Whenever I had a competitive person in this position, my Production greatly increased . Alco called a Contract Mngr

Nov 28, 2023 08:48 AM
Rainmaker
2,376,956
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I never did as an agent or as a Broker Peter Mohylsky, Beach Expert . I always saw it as a liability.

Nov 28, 2023 08:30 AM
Rainmaker
461,582
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Peter Mohylsky, Beach Expert 

I do everything myself, including the cooking and cleaning, lol. I have received many text and emails asking if I need one. A liability is something I do not need. 

Nov 29, 2023 05:05 AM
Rainmaker
5,197,684
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It is easy to follow Nina Hollander, Broker because we think the same most of the time. So, I can just agree with her and move on!

Nov 29, 2023 04:27 AM
Ambassador
6,362,034
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

We used to use one that worked for the brokerage for a few hundred per transaction, now we have one on staff.

Nov 28, 2023 08:19 PM
Ambassador
3,101,465
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Do not have one for my business, I do it all, including marketing and advertising. Here, we have professional coordinators that offer their services to agents. A one stop shop, very thorough and valuable to busy agents. As long as they remain within the perimeters of their business model, no liability, Peter!

Nov 28, 2023 03:55 PM
Rainmaker
1,840,906
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Nope never used. Why insert a total stranger into the transaction for a $$ grab. We are an attorney state here in IL.

Nov 28, 2023 02:35 PM
Rainmaker
5,852,014
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have two over several years, and have been disappointed with timing.   I get nervous when you wait until the last minute, so would rather do my own.

Nov 28, 2023 04:41 PM
Rainmaker
637,434
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

I have always done my own, it's just easier for me since I am not high volume, but I have always appreciated having them on the other side. 

Nov 28, 2023 09:49 AM
Rainmaker
898,552
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

I use someone. My TC is amazing. She was already trained as she worked for a top producing agent for several years before she went on her own. 

Nov 29, 2023 07:59 AM
Rainmaker
1,298,331
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I second what Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets  said.

We have a fabulous transaction coordinator. She works for our Team and for other agents.

Nov 29, 2023 12:04 PM
Rainmaker
909,328
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I did once. Cost me around $500.00. She was ok and stayed on top of everything, but I don't think I'll actually need one again, unless I get more work than I can handle.

Nov 30, 2023 09:12 AM
Rainmaker
1,619,716
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I am not that busy and my broker does not require T/C  so I do my files by myself. 

Nov 29, 2023 11:51 PM
Rainmaker
761,233
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I have been licensed since 1996 and have never paid a dime to anyone to help with my business.  I have seen many agents go broke over the years when times turned tough.

Dec 04, 2023 07:24 PM
Rainmaker
590,350
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
The Grit and Gratitude Agent

I don't employ one as the client has my business card and I am responsible/

Nov 30, 2023 11:51 AM