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Transaction Deposits Specialist

Real is a fast-growing national real estate brokerage powered by technology. Real is currently operating in all U.S. states, Canada, and the District of Columbia. Founded in 2014, Real is a trailblazer in the Residential Real Estate industry, as we lead the disruption with our cutting-edge technology platform. We are on a mission to revolutionize the home-buying and selling process, making agents' lives better while creating lucrative financial opportunities for them.


For more information, visit https://www.onereal.com/


Location: Remote - Canada. Candidates MUST be based in Canada to be considered.

Job Summary:

We are seeking a highly motivated Transaction Deposits Specialist to join our dynamic Canadian Transaction Team at Real. In this role, the successful candidate will play a critical part in ensuring the smooth and accurate completion of deposits on real estate transactions. Key responsibilities include reviewing and verifying deposits on transactions for accuracy, posting of deposits to transactions for multiple provinces, and coordinating timely receipt of deposits from lawyers and outside brokerages. The ideal candidate will have a solid understanding of the Canadian Real Estate Transaction process, a keen eye for detail, and an understanding of commission and trust deposit process in Canada as well as methods in which deposits are received. This position requires exceptional organizational skills, the ability to work under tight deadlines, and a commitment to delivering high-quality results in a fast-paced environment.

Duties/Responsibilities

  • Operate remotely and utilize virtual real estate transaction management platforms

  • Review and evaluate all incoming Canadian deposits for approval or rejection

  • Ensure the accuracy of daily postings for trust and/or commission deposits

  • Promptly respond to all provincial deposit and commission related emails

  • Determine and classify deposits reflected in provincial bank statements

  • Identify any discrepancies with deposits and escalate them to management for resolution

  • Generate and issue deposit receipts

  • Assist and collaborate with other departments within the transactions team

Required Skills:

  • Technology minded with a focus on the real estate transaction process

  • Ability to learn new software and adapt to updates

  • Ability to make quick decisions and solve problems

  • Intermediate accounting knowledge/math skills

  • Conveying, deposits and agent payment experience

  • Team-oriented with a strong focus on delivering exceptional service

Education and Experience: 

  • High School graduate or equivalent

  • 3+ years of relevant experience in the Real Estate Transaction process

Must-Have:  Ability to truly encompass our Company Core Values

  • Work Hard. Be Kind

  • “We” are bigger than “me”

  • Tech x Humanity

Physical Requirements: 

  • Sit for long periods of time

REAL is proud to be an equal opportunity workplace employer. We are committed to equal employment opportunities regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status.

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CEO of Real
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Tamir Poleg
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Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

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What You Should Know About Transaction Deposits Specialist, Real

Are you ready to take the next step in your career as a Transaction Deposits Specialist with Real, a dynamic player in the Canadian real estate market? Operating across Canada and the U.S., Real is at the forefront of leveraging technology to transform the home-buying and selling experience for real estate agents and their clients. In this exciting remote role based in Toronto, you’ll join a dedicated Transaction Team, focusing on ensuring accurate and efficient handling of real estate deposits. Your day-to-day will involve reviewing and verifying deposits, managing postings across various provinces, and coordinating with lawyers and brokerages to ensure timely deposit receipt. With your keen attention to detail and understanding of the Canadian Real Estate Transaction process, you'll be crucial in maintaining the integrity of our transactions. If you thrive in a fast-paced environment, possess strong organizational skills, and have a knack for technology, this position offers you the chance to make a significant impact while enjoying the flexibility of remote work. Bring your expertise and become a part of a company that values hard work and kindness, and is committed to creating substantial financial opportunities for agents and clients alike. Come join Real and help us revolutionize the real estate industry!

Frequently Asked Questions (FAQs) for Transaction Deposits Specialist Role at Real
What are the key responsibilities of a Transaction Deposits Specialist at Real?

As a Transaction Deposits Specialist at Real, you'll have key responsibilities that include reviewing and verifying deposits for accuracy across transactions, posting deposits for multiple provinces, and coordinating the timely receipt of deposits from lawyers and brokerages. Your role is critical in ensuring that transactions are handled smoothly, requiring you to be detail-oriented and organized.

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What qualifications are needed to apply for the Transaction Deposits Specialist position at Real?

To apply for the Transaction Deposits Specialist role at Real, you should have at least a high school diploma or equivalent, along with a minimum of 3 years of relevant experience in the real estate transaction process. A solid understanding of the Canadian Real Estate Transaction process, along with intermediate accounting knowledge, will greatly benefit your application.

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What software skills are required for the Transaction Deposits Specialist position at Real?

The Transaction Deposits Specialist position at Real requires candidates to be technology-minded, with a focus on real estate transaction management platforms. You’ll need to demonstrate proficiency in utilizing software effectively, as well as adaptability to new tools and updates as they arise in our fast-paced environment.

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How does the Transaction Deposits Specialist contribute to the team at Real?

In your role as a Transaction Deposits Specialist at Real, you will contribute significantly to team success by ensuring the accuracy and efficiency of all deposit-related tasks. You'll be involved in collaborating with other departments, identifying discrepancies, escalating issues to management, and providing exceptional service throughout the transaction process.

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What is the work environment like for a Transaction Deposits Specialist at Real?

The work environment for a Transaction Deposits Specialist at Real is remote, allowing you to work from anywhere in Canada. It’s a supportive and collaborative space where you’ll interact with various teams, manage tasks under tight deadlines, and enjoy the flexibility that comes with a technology-driven workplace.

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Common Interview Questions for Transaction Deposits Specialist
How do you ensure accuracy in processing deposits as a Transaction Deposits Specialist?

To ensure accuracy in processing deposits, I pay close attention to detail and maintain a systematic approach to reviewing each transaction. Additionally, I utilize checklists to verify deposit information and cross-reference against bank statements to catch any discrepancies early on.

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Can you describe your experience with handling real estate transactions?

My experience with real estate transactions involves collaborating with various stakeholders, from agents to brokers, ensuring that all deposits are processed seamlessly. This includes reviewing transaction paperwork for correctness and ensuring compliance with provincial regulations, which has honed my attention to detail and understanding of the transaction lifecycle.

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What tools or platforms are you familiar with for managing real estate transactions?

I am familiar with a variety of virtual transaction management platforms, such as DocuSign and Trello, which help streamline communication and document management throughout real estate transactions. I adapt quickly to new software, which aids in efficiently managing the deposit process.

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How do you handle tight deadlines and prioritize tasks as a Transaction Deposits Specialist?

When faced with tight deadlines, I prioritize tasks based on their urgency and importance. I break down larger tasks into smaller chunks and set realistic deadlines. This helps me stay organized and ensures that I can manage my time effectively without compromising on the quality of my work.

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What steps would you take if you found a discrepancy in a deposit?

If I found a discrepancy in a deposit, I would first gather all relevant documents and information related to the transaction. I would then escalate the issue to management promptly while collaborating with the clients involved to clarify and rectify the situation. Effective communication is key to resolving discrepancies quickly.

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How would you describe your communication skills?

I pride myself on my clear and concise communication skills. I ensure that I provide thorough updates to stakeholders and respond to inquiries promptly, creating an open line of communication which is critical in maintaining effective working relationships.

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Why do you want to work as a Transaction Deposits Specialist at Real?

I want to work as a Transaction Deposits Specialist at Real because I am excited about the opportunity to be part of an innovative company that is revolutionizing real estate. I appreciate Real's commitment to technology and the potential to make a positive impact in the industry, particularly in supporting real estate agents.

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How do you support a team-oriented environment?

I support a team-oriented environment by being collaborative, approachable, and proactive in sharing information. I believe in the principle that collectively we can achieve more, and therefore, I strive to foster teamwork by offering assistance where needed and encouraging open discussions on projects.

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What does exceptional service mean to you in the context of real estate transactions?

Exceptional service in real estate transactions means going beyond just meeting clients' expectations by providing timely and reliable solutions to their needs. It involves being accessible, anticipating challenges, and ensuring that clients feel supported throughout the transaction process.

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How do you stay updated on the latest trends in the real estate industry?

I stay updated on the latest trends in the real estate industry through continuous learning, subscribing to industry newsletters, and participating in relevant online webinars. Networking with professionals in the field also provides valuable insights into emerging trends and best practices.

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Building your future, together! Our Values are: Work Hard, Be Kind - We care. We make things happen. Simply Great Service - We provide service from our hearts with skill and experience. Embrace, Resolve, Evolve - Sometimes, things go wrong. We...

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Full-time, remote
DATE POSTED
January 9, 2025

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