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3 Costly Mistakes Agents

Can Make

As an agent, you have a lot on your plate. You have to generate your own business, follow up with leads, get copious amounts of paperwork signed and reviewed, show homes, go on listing appointments, hold open houses, make marketing material, stay on top of dates– the list goes on and on. Trying to juggle all of these things can leave room for mistakes to be made.

Here are the top 3 ways an agent can make a mistake during a real estate transaction.

Allowing Details/Dates to Fall Through the Cracks

  1. With so many people that are a part of the transaction (lender, assistants, title company, agents, seller, buyer, appraiser, inspector), an agent sometimes gets busy and forgets to check up on documents needed, deadlines approaching, and other important items. This can lead to the inability to close on time and upset your clients. Unhappy clients lead to less business opportunities in the future. 

Poor Communication

  1. Sometimes agents are so wrapped up in trying to generate business that they forget to keep all of their clients updated. Whether that means a buyer misses out on a home that goes on the market or the seller isn’t getting feedback from showings– it can cause your clients to get very frustrated. Communication and being aware of what your client needs is crucial to being successful as a realtor.

Not Hiring a Transaction Coordinator

  1. All of the items we talked about above that are mistakes agents can make can easily be solved by one simple decision- hiring a Transaction Coordinator. They can keep track of tedious items like paperwork, compliance checks, deadlines, communication with all parties under contract, closing information and more. They will allow you to free up some time to be able to focus on truly making your real estate business successful while also making YOU look good and helping your clients stay happy. What is there to lose?
  1. If you are ready to take that step and get some help, call Empower Transactions today. We offer contract-to-close & listing support, offer prep and additional administrative services that can only benefit your business! Click below to get started!
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Introducing:

AI Powered TC Services

Agent Membership:

$199/month

(Includes 1 Listing a 1 Contract to Close)

Team Membership:

$399/month

(Includes 4 Listings and 4 Contract to Close's)

LISTINGS:

  • Send an introduction to sellers along with instructions needed
  • Create files in brokerage compliance systems: Dotloop, Brokermint and Skyslope included
  • Prepare listing disclosure documents and coordinate the signature process with sellers
  • Split and assign listing documents
  • Obtain missing signatures from clients
  • Auditing listing documents and will keep clients updated on missing signatures
  • Add On - MLS Entry

CONTRACT TO CLOSE:

  • Create files in brokerage compliance systems like: Dotloop, Brokermint and Skyslope included
  • Introduce third parties to the CTC process and timelines
  • Introduction sent to clients with summaries of deadlines and next steps
  • Email to you with a timeline of all items that will be handled
  • Send calendar invites for all deadlines for you
  • Auto-remind all agents and clients of all deadlines- Opt In Only
  • Generate document package for client completion & signature
  • Upload contract documents to compliance system
  • Split and assign contract documents
  • Obtain missing signatures from clients
  • Compile and collect signatures on addendas and amendments
  • Connect Buyers for seamless home warranty, utility & home services set up.
  • Auditing files keeping clients updated on missing signatures
  • Provide portal login and weekly file updates to agents
  • Send file update to agent prior to close

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