Why Use a TMS Transaction Coordinator?

Whether you’re a seasoned Top Producer or just getting on your feet, using a Transaction Coordinator is immensely beneficial when it comes to your business. Here are a few things to consider…

  • Save time on files & spend more time with your clients

  • Receive commission checks directly through direct deposit

  • Assure compliance with company requirements

  • Files managed by TMS TC's have fewer claims than those without TMS TC's

  • Reduces deductible in the event of a claim

  • Assures statutory compliance with DRE regulations

  • Pass the cost along to the client...*this is only legal if using TMS services!

  • As employees of RE/MAX Gold, TC's receive regular legal updates to assure compliance with changing laws

After seeing all the benefits of TMS, the better question is: Why would you NOT use a Transaction Coordinator?

Ready to get started?

 

Did you know the courts have decided that passing the TMS fee on to the consumer is RESPA compliant? Let us show you how to use TMS at no cost to you!

*To remain RESPA compliant you must:

  • Use TMS through your Brokerage.

    • The only way you can pass this cost along is if it’s a cost that is charged by your brokerage (RE/MAX Gold TMS is a part of our brokerage!)

  • The TMS charge must be disclosed in writing

  • The cost must be passed through at the exact cost (no mark-up allowed)

  • FOR SELLERS, cost must be disclosed in the RLA (listing agreement)

    • Use “In addition, Seller agrees to pay Broker…”  in item 3C

  • FOR BUYERS, cost must be written in the BRNE

    • Use “Buyer Broker Non Exclusive” in item 3A(2)