What role does a transaction coordinator play?

The correct choice regarding the role of a transaction coordinator accurately identifies their function in the real estate transaction process. A transaction coordinator is primarily responsible for managing the administrative tasks associated with a real estate transaction, facilitating communication between all parties involved, including buyers, sellers, and agents, and ensuring that all necessary documents are completed and deadlines met.

By facilitating a transaction without establishing an agency relationship, the transaction coordinator supports the overall process while not being an advocate for either party personally. This role is integral to ensuring that transactions proceed smoothly, as they handle coordination, organization, and documentation, which allows real estate agents to focus on their clients and marketing.

The other options do not capture the transactional nature of a coordinator's job. The mediator does play a role in resolving disputes but focuses more on arbitration and negotiation rather than coordination of documents and timelines. Financial advisors offer investment guidance but don't typically get involved in the transactional details of real estate deals. Lastly, while lawyers specializing in real estate law provide essential legal counsel, they do not perform the administrative or planning duties typical of a transaction coordinator.