Who is a transaction coordinator?

A transaction coordinator plays a key role in real estate transactions, particularly in managing the various steps involved in the process. This role is characterized by the work of facilitating transactions while not representing either party in an agency capacity. The transaction coordinator handles logistical aspects, such as ensuring that necessary documents are prepared, deadlines are met, and communication flows smoothly between all involved parties. This is essential in moving the transaction forward efficiently and effectively, mitigating potential issues before they arise.

The essence of this position is its neutrality; the coordinator's job is to assist in the transaction without having a vested interest in either the buyer’s or seller’s side. This allows for a focus on the administrative and operational tasks that streamline closing processes, making them critical players in the real estate landscape without biases that may exist if they were acting as a broker or representative for one side.