Transaction coordinator
The person who handles paperwork and deadlines from contract to closing so the agent can focus on clients. Paid per file or on salary.
Also called: TC, closing coordinator, transaction manager
Related terms
The final step of a sale, when documents are signed, money changes hands, the deed is recorded and the buyer gets ownership. In some states everyone signs at a table; in others signing and funding happen separately.
A condition in the contract that must be met for the sale to go forward, such as an inspection, loan approval or appraisal. If it fails within the deadline, the buyer can usually cancel and keep the earnest money.
The date set in the contract for the sale to close. It can move only if both sides sign an amendment.
Software that keeps track of contacts, leads, notes and follow-ups. Agents use it to stay in touch with their sphere and new leads.