1. What is a transaction coordinator (TC), and what do they do?

• At Reign TC, we are trained professionals who oversee and manage the various paperwork tasks and deadlines involved in a real estate transaction. Our role includes ensuring all necessary paperwork is completed accurately and on time, coordinating with relevant parties, and facilitating a smooth transaction process for both buyers and sellers.

2. Why should I hire a transaction coordinator?

• Hiring a transaction coordinator at Reign TC allows you, as a real estate professional, to focus on your core responsibilities like client interactions and property sales. We handle paperwork, timelines, compliance, and other administrative tasks, saving you time, reducing stress, and ensuring a seamless transaction process.

3. What services does Reign TC provide?

• Our main services include traditional on or off market sales and listings, as well as creative financing deals, lease transactions, referral transactions, and MLS inputting. We manage most administrative aspects of a real estate transaction, including document collection, compliance monitoring, coordination with various stakeholders, scheduling inspections, communicating with clients, and ensuring all contractual obligations are met promptly and accurately. 

4. Does Reign TC help with ordering inspections, home warranties, and HOA Demands/Resale packages?

• Yes, we order all of the above according to the type of representation it is and the preferences we have set up with you. 

5. Does Reign TC work remotely or for multiple clients?

• Yes, we often work remotely and can manage transactions for multiple clients simultaneously. We utilize digital tools and effective communication to efficiently coordinate transactions from start to finish, regardless of location or the number of clients.

 6. How does the transaction coordination process work?

• Once we receive your New File Form & either the RPA or RLA, we collect and review all necessary documents, organize them in a secure and compliant manner, track transaction milestones, coordinates with agents, clients, lenders, and other involved parties by sending out our introduction emails, and ensure a timely and successful closing.

 7. Is hiring Reign TC cost-effective?

• Yes, hiring us is cost-effective for real estate professionals. It frees up your time to focus on revenue-generating activities, potentially leading to increased sales and revenue. Additionally, preventing transaction errors through our proper management can save both time and money in the long run.

 8. Do I need a TC for every transaction?

• While not mandatory, utilizing REIGN TC for every one of your transactions is a smart business decision. It ensures consistency, accuracy, and efficiency in managing transactions, benefiting both you and your clients.

 9. How does REIGN TC collect payment?

• There are several ways we collect payment. Most commonly is through escrow. With the permission of your broker, we send an invoice directly to escrow and they cut us a check directly from your commission. If not through escrow, we will send you an invoice directly for payment once escrow is closed. We take Zelle, Venmo, or PayPal. 

10. How do I get started with partnering with Reign TC?

• To get started, simply schedule a discovery call via Zoom with our link on our website where we will discuss your requirements, the scope of services needed, and agree on terms and conditions to initiate a productive working relationship.

11. What type of system does Reign TC use?

• Reign TC uses various systems and tools internally and externally. Externally, we are well-trained to use all of your broker’s compliance software such as SkySlope, Dotloop, Backagent, & many more! We are also required to login to your Transaction Desk or Remine Docs+ to access your forms for sending out for your client’s completion on behalf of you. Internally, we use a tool called Monday.com to track all of our files in one place. 

12. How can I expect Reign TC to communicate with me, my clients, and all parties involved with the transaction?

• Reign TC only uses email for communicating with your clients and other parties. Some of our TCs have a texting relationship with our agents, and use phone calls as a last resort when having to communicate conversations that are easier to explain on the phone. However, it is best to keep track of all communication via email for our systems and for your benefit as well. We will always respond to text messages & phone calls, but it is not our preferred method of communication. Please note we always CC you on all emails for your transactions.