A Transaction Coordinator is the bridge between a real estate agent, homeowner, and buyer. A Transaction Coordinator has great interpersonal and technical skills to facilitate the entire real estate sales process. This career is well suited for working as a solo freelancer or in the home-based business model. Here are a few things to consider when starting a transaction coordinator business.

Developing a network of connections is essential for your success in this industry. Networking with real estate agents, lenders, and other real estate professionals will help you gain valuable referrals for your business. It will also allow you to stay up-to-date on the latest market trends and regulations.

The legal foundation of your transaction coordinator business is another important aspect to consider. It’s essential to create a contract that protects you and your client. Your contract should include terms of service, a privacy policy, and a disclaimer. You should consult with a small business attorney to ensure you have the best possible contract for your business needs.

Protecting your business is one of the most important aspects of running a successful remote company. As a solo entrepreneur, you need to take steps to legally protect your company from the pitfalls of running a transaction coordination business. This includes protecting your unique services, one-of-a-kind envelopes, and exclusive service packages. Without proper protection, it only takes one or two competitors catching on to your strategies for you to lose your edge.