What is the function of a transactional coordinator in real estate?

The function of a transactional coordinator in real estate primarily revolves around facilitating communication between all parties involved in a transaction. This role ensures that everyone is on the same page regarding timelines, requirements, and documentation. By acting as a central point of contact, the transactional coordinator helps streamline the process, reducing the chances of misunderstandings and promoting efficiency.

While they may assist with some organizational aspects of the transaction, their focus is not on negotiating on behalf of either the buyer or seller, which is typically the role of real estate agents or brokers. They also do not provide legal counsel, as that falls under the domain of licensed attorneys. Their management of all phases of the transaction is more about overseeing the flow of information and coordinating efforts rather than directly managing the transaction itself. Thus, facilitating communication is at the heart of what a transactional coordinator does in the realm of real estate transactions.