A transaction coordinator is the administrative role managing escrow timelines, documentation, disclosures, and compliance during an LA multifamily transaction. Typically employed by the brokerage or as an independent service.
TCs handle: coordination with escrow and title, document preparation and signature tracking, compliance with regulatory disclosure requirements, deadline monitoring, and communication with all parties. Frees the broker to focus on deal-making activities.
Good TCs accelerate LA multifamily closings meaningfully. Buildings transacting without strong transaction coordination often face timeline drift and execution errors. The TC role is back-office but materially affects close quality.
From the Sterman LA Multifamily Glossary — defined the way a broker with $1.41 billion across 254 closed transactions actually uses these terms.
Michael Sterman, Senior Managing Director Investments, Marcus & Millichap.
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