Transaction Management Professional - 101

Real Estate Careers, Learning Resources, Playbook for New Agents in California and Transaction Coordinators

What you'll learn

Get an overview of Real Estate business in California and Career Opportunities

Understand Transaction Coordination Activities and Deliverables in detail

Deep dive into important real estate forms

Complete an assignment for self-assessment and business planning

Insights into role of Transaction Manager to accelerate career growth

Requirements

No computer programming experience needed, but should be comfortable with basics of computer usage (file management, accessing applications thru browser etc)

Experience with Microsoft Office, Google Suite is desired

High School or Undergraduate with strong written and verbal communication is desired, team player, time-sensitivity

Experience in IT Service Management, natural flair for business analysis will be a Plus

Description

This course provides insight into real estate careers, learning resources, and a practical approach for new agents, transaction coordinators, and assistants to handle real estate transactions from contract (with seller or buyer) to closing the escrow. Through this course, transaction coordinators and assistants in California will be equipped with the practical know-how required to handle pre-contract and post-contract activities for real estate agents, irrespective of whether they provide independent services or work in teams. Participants will be able to understand the key activities, milestones, and deliverables at each stage of the real estate transactions (seller-side as well as buyer-side). To keep the course relevant over time, links are provided for the dynamic (areas that could change over time) parts of the business. The main purpose of the course is to enable the participants to either self-employ or become up-to-speed with the real estate job that they are getting into. Interested participants get an opportunity to intern with TMS-Transaction Management Services (subject to assessment and approval).Those aiming to become transaction managers (leading multiple TCs), or operations managers will need much more extensive knowledge and are recommended to take the Transaction Management Practice - 201 course, which applies the process groups and knowledge areas from the PMP (project management professional) book of knowledge.

Overview

Section 1: Introduction to TMP 101

Lecture 1 About the Trainer

Lecture 2 Statement of Purpose

Lecture 3 Course Outline

Section 2: Module 1 - Real Estate Transactions

Lecture 4 Context of a transaction in the RE Business

Lecture 5 Transaction Definition and Stages

Lecture 6 Transaction Roles & Real Estate Careers

Lecture 7 Real Estate Teams

Lecture 8 Real Estate as a Business for Agents, TC's and TM's

Lecture 9 Learning Resources

Section 3: Module 2 - Transaction Coordination

Lecture 10 Introduction to Transaction Coordination

Lecture 11 Listing Transaction - Activities and Deliverables

Lecture 12 Real Estate (PropTech) Tools and Systems

Lecture 13 Residential Listing Agreement

Lecture 14 Disclosures

Lecture 15 Sale (Buyer) Transaction - Activities and Deliverables

Lecture 16 Residential Purchase Agreement

Lecture 17 Purchase Offer Package

Lecture 18 Post Contract - Additional Forms

Lecture 19 Transactions - Broker View

Lecture 20 Monitoring Transaction Timeline

Lecture 21 Broker Commission Demand

Lecture 22 Home Warranty

Lecture 23 Transaction Closure

Section 4: Conclusion

Lecture 24 Recap

Lecture 25 Next Steps

Real Estate Agents, Transaction Coordinators, Anyone with high school diploma or undergraduate aspiring to pursue a career in Real Estate industry.,This course is designed primarily for Real Estate in California state of the U.S.A., but the framework is easily adaptable to any other state as well.