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TRANSACTION COORDINATOR AGREEMENT Broker/Salesperson (Broker): Seller: Buyer: Property: Seller and Buyer acknowledge that in connection with the possible sale/purchase of the property, Broker will

How to fill out transaction coordinator agreement

How to fill out a transaction coordinator agreement:

1. Begin by downloading or obtaining a copy of the transaction coordinator agreement form. This can usually be found online or provided by your real estate brokerage.
2. Open the agreement form and carefully read through each section and clause. Familiarize yourself with the terms and conditions outlined in the agreement.
3. Fill in your personal information in the designated sections of the agreement, such as your full name, address, contact information, and any applicable license numbers.
4. If requested, provide the same information for your brokerage or company, including its name, address, and contact details.
5. Identify the parties involved in the transaction. This typically includes the buyer, seller, and any additional parties such as real estate agents or attorneys. Fill in their names and contact information accurately.
6. Specify the property details. Include the address, legal description, and any other relevant information pertaining to the property being bought or sold.
7. Outline the terms of your engagement as a transaction coordinator. Clearly define the services you will be providing, such as coordinating documents, communication, and deadlines. Be sure to include any additional responsibilities you may have agreed upon with the parties involved.
8. Indicate the commission or fee structure agreed upon. Specify the amount or percentage and the timing of payment, whether it is due upon closing, at predetermined milestones, or on a different schedule.
9. Add any specific terms or conditions that pertain to the transaction coordinator's duties or obligations. This can include timelines, confidentiality agreements, or any other mutually agreed-upon terms.
10. Read through the entire agreement meticulously to ensure accuracy and clarity. Make any necessary revisions or changes before finalizing the document.
11. Have all parties involved in the transaction sign and date the agreement. Make sure each signature is legible and that everyone understands the terms and conditions outlined.
12. Keep a copy of the signed agreement for your records and provide copies to all relevant parties involved in the transaction.

Who needs a transaction coordinator agreement:

1. Real estate agents or brokers who provide transaction coordination services.
2. Buyers or sellers who wish to enlist the services of a transaction coordinator for assistance with their real estate transaction.
3. Individuals or companies who are part of a real estate transaction and want to ensure a smooth and organized process.
4. Attorneys or legal professionals who work in the real estate industry and require the services of a transaction coordinator.
5. Any party involved in a complex or time-sensitive real estate transaction that would benefit from the expertise and organization of a transaction coordinator.

For pdfFiller’s FAQs

What is transaction coordinator agreement?

A transaction coordinator agreement is a contract between a real estate agent or broker and a transaction coordinator, outlining the duties and responsibilities of the transaction coordinator in managing the paperwork and logistics of a real estate transaction.

Who is required to file transaction coordinator agreement?

Real estate agents or brokers who work with transaction coordinators are required to file the agreement.

How to fill out transaction coordinator agreement?

The transaction coordinator agreement should be filled out with detailed information about the services to be provided, compensation, and terms and conditions of the agreement.

What is the purpose of transaction coordinator agreement?

The purpose of the transaction coordinator agreement is to clearly define the roles and responsibilities of the transaction coordinator in assisting with the real estate transaction.

What information must be reported on transaction coordinator agreement?

The transaction coordinator agreement must include details such as the names of the parties involved, services to be provided, compensation, duration of the agreement, and any terms and conditions.

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