Transaction Coordination Services

How In-house Transaction Coordination Benefits Us All...

 SoCal eRealty provides in-house Transaction Coordination (TC) services for our agents. In order to minimize liability to both the agents and the brokerage itself, and in an effort to keep your E&O costs low, it is required that all SoCal eRealty agents use our Transaction Coordination Service.  Our Transaction Coordinator, Laura-Michelle Smith has been performing TC services for large brokerages for more than 12 years.

SoCal eRealty's TC service charges $365 per closed transaction, which may be paid by your client or by you as the agent.  Also designed to save our agents time, and allow you to do what you do best – SELL HOMES – this service includes the following:

 

1. Confirm the opening of escrow or open escrow per agent's request.

2. Review contracts and all disclosures for accuracy and completion.

3. Make necessary adjustments or addendums per agent request.

4. Track deadlines per contract requirements.

5. Prepare/Process required forms, disclosures, and reports for Seller and Buyer.

6. Order Home Warranty, Preliminary Report, and Natural Hazard Disclosure Report.

7. Communicate/Follow up with asset managers, escrow officer, lenders and the agent from the other side and/or their TC.

8. Upload all required transaction forms to the SoCal eRealty website.

9. Get the broker's approval on the file and guarantee your commission check directly from escrow.

10. Send the completed transaction file (CD) to your client.

 

Please note that the TC Service does not perform short sale negotiations with lenders.

The price of the TC Service is the same regardless of the type of transaction involved.

As part of the use of our in-house TC, you will be assured that your file will be handled properly, and will have direct communication with the TC for your file.  Best of all…you will be able to get your commission check directly from Escrow on the COE date!  Why wait up to 2 weeks to get your check with another company while they “review” your file?

 
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Contact

SoCal eRealty
1901 First Avenue Suite 217L
San Diego, CA 92101
Office: 800.377.9931
Fax: 619.546.9222

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