Transaction Management Professional – 101

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.

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