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#464651 - 05/05/19 10:47 PM Do we need two TC's on every transaction?
CalCouple Offline
Junior Member

Registered: 05/03/19
Posts: 4
Loc: California
Hi All! Just a quick question: How many of you use a TC (transaction coordinator) on both sides of every deal? Seems kind of redundant to have two TC's doing the same thing.

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#464652 - 05/06/19 05:12 AM Re: Do we need two TC's on every transaction? [Re: CalCouple]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2376
Loc: Outer Banks
The only tc around here are in house with a few of the big teams.
It sounds like you just have another hand in your wallet.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#464700 - 05/07/19 04:16 PM Re: Do we need two TC's on every transaction? [Re: Bigtoe]
CalCouple Offline
Junior Member

Registered: 05/03/19
Posts: 4
Loc: California
Yup. Our broker has his son act as a TC on all deals. We don't mind having the son as a TC on the deals where we are the listing agent. However, it seems kind of redundant on deals where we are bring the buyer and the listing agent already has their own TC. When we are the listing agent, we use the broker's son, and it is paid for out of our commission (after the broker takes his cut). But when we are representing the buyers, and the listing agent has their own TC, we don't see why we have to get charged again for the brokers son/TC. The son isn't doing anything more than we are already receiving from the listing agent's TC. Our broker said it is common practice so we are asking everyone here for their thoughts.

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#464716 - 05/08/19 05:33 AM Re: Do we need two TC's on every transaction? [Re: CalCouple]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2376
Loc: Outer Banks
There are lots of brokers you can associate with so shop around for a better one.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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