![]() ![]() They either don’t do it enough so no one knows what stage each transaction is at, or they do it too much and hold company-wide meetings to go through transactions one by one. Unfortunately, many of them don’t do it well. Good communication is the backbone of a successful brokerage. With a single inbox, agents can send or forward emails with attachments, scan documents into the inbox, or have documents automatically sent from e-sign tools into the inbox.Īnd your admins will have just one place to check. Not only are there multiple email addresses where documents can be lost, but now there are multiple storage locations too This problem is made even worse if you use a platform like Dropbox. Why? Because if you send documents, updates, contracts and offers haphazardly to different people, then you will begin to miss documents-you could even lose some. You should also make sure that all of your staff and agents send all transaction data to one inbox. Handling data isn’t the only area where you need to be consistent. If you do this in Paperless Pipeline, then our system will automatically populate your agent’s calendar with the transaction’s due dates, making the whole process easier to track. This could be when your agents write offers or when they are about to list a property. You can get a head start on some of these processes by starting new transactions earlier. This slows down the entire real estate business and can be frustrating for all parties involved-including your clients. This means that there is a load of admin processes that need to be performed before the deal can proceed. Many brokerages start new transactions when their real estate agents submit documents. In fact, the more people using it, the more chance there is of errors creeping in.īy limiting the number of people who can access your admin tools you ensure that your data represents a single source of accuracy.Īnd, if there are any issues with the management of the system, then you know exactly which team members require further training. It’s difficult to keep a manual system like a spreadsheet consistent if lots of different people are using it. Your entire business relies on it.Īny mistakes can slow down the closing process or even lead to deals falling through-both of which will impact your revenue and reputation. Keeping your transaction data accurate and consistent is critical. This section provides five best practice tips to streamline your transaction management processes. ![]() If your transaction management process is slow and full of mistakes, then your business will be less efficient-meaning you won’t make as much money as you should. In fact, it’s critical to your brokerage’s success. Many real estate businesses are so focused on sales that they forget to ensure that their admin processes are running smoothly.īut admin shouldn’t be treated as an afterthought. It includes space for net income, a properties table, and a transactions table, all in one place! Download the spreadsheet 5 Tips for Efficient Transaction Management Processes Use this free spreadsheet to track all of your real estate transactions. Free Real Estate Transaction Spreadsheet! ![]()
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