TRANSACTION COORDINATOR Clause Samples
The Transaction Coordinator clause designates a specific individual or entity responsible for managing and overseeing the administrative aspects of a transaction. This coordinator typically handles communication between parties, ensures that all necessary documents are completed and submitted on time, and tracks key deadlines throughout the process. By centralizing these tasks, the clause helps streamline the transaction, reduces the risk of missed steps, and ensures that all parties remain informed and compliant with procedural requirements.
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TRANSACTION COORDINATOR. Independent Contractor shall submit all documentation associated and required for the transactions to the Broker transaction coordination department. Submission of all documentation will be done as per the direction and within the time frames dictated by executed Listing Agreement and/or Residential Purchase Contract. Independent Contractor shall be responsible to submit any documentation required by Broker as directed by Transaction Coordinator. It is the policy of the broker that the agent submit all documentation to the broker within 3 days of execution. Any delay in delivery or lack of any documentation will result in a late fee and/or delay in release of any commission due to Independent Contractor until the required documentation is received by Broker.
TRANSACTION COORDINATOR. ▇▇▇▇▇▇(s) has engaged the services of a transaction coordinator who will be assisting the broker in the processing of the real estate transaction. The transaction coordinator’s services may include, but not be limited to, the following: gathering necessary information and paperwork for and from buyers and sellers, overseeing and organizing contractual deadlines, communicating, and coordinating with lenders, title companies, inspectors, other brokers in the transaction and the parties to the contract to facilitate the closing of the real estate transaction, and assembling the final real estate transaction file for closing. TCs OWE BROKER DUTIES AS SET FORTH ON COVER PAGE 1. ATTN TCs: USE NMAR FORM 2100 TO MAKE ANY DISCLOSURES REQUIRED BY BROKER DUTIES. Name of Transaction Coordinator: .
TRANSACTION COORDINATOR. A transaction coordinator is a licensee who is not acting as an agent of either the Landlord or the Prospective Tenant, yet is providing services to complete a real estate transaction. The transaction coordinator is not an agent for either party and therefore owes no fiduciary duty to either party. The transactional coordinator is not the advocate of either party and therefore has no obligation to “negotiate” for either party. The responsibilities to the transaction coordinator typically include: □ Providing access to and the showings of the property. □ Providing access to market information □ Providing assistance in the preparation of an application for lease reflects the terms of the parties’ agreement. □ Presenting an offer to lease any subsequent counter-offers. □ Assisting all parties in undertaking all steps necessary to carry out the agreement for lease.
TRANSACTION COORDINATOR. Contractor shall submit all documentation associated and required for the transactions to the PREN transaction coordination department. Submission of all documentation will be done as per the direction and within the time frames dictated by executed Listing Agreement and/or Residential Purchase Contract. Contractor shall be responsible to submit any documentation required by PREN as directed by Transaction Coordinator. Any delay in delivery or lack of any documentation will result in delay in release of any commission due to contractor until the required documentation is received by PREN.