Contract & Compliance
- Review contract for compliance including required riders and disclosures.
- Create a timeline outlining all the important deadlines.
- Contact Lender, Escrow Agent and Title Company introducing myself as a member of your team.
- Send executed contract to all parties of the transaction.
- Confirm Escrow deposit has been made and obtain receipt.
- Confirm that inspection(s) are scheduled within the time frame of contract.
- Maintain regular contact with all parties involved for status updates as well as outstanding items.
- Submit documents for brokerage compliance.
- Communicate to all parties on a regular basis.
HOA/COA
- Obtain copies of homeowner/condo association documents and send to buyer and/or buyer's agent.
- Confirm buyer has submitted their application to the association.
- Verify buyer has received association approval.
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Finance
- Confirm buyer has made a complete loan application.
- Confirm appraisal has been ordered and follow-up with lender for results
- Monitor underwriting process through receipt of loan commitment followed by the clear to close
- Verify closing disclosure is sent to buyer at least 3 days prior to closing
Title
- Ensure title commitment, lien search, estoppel, and survey are ordered (as applicable)
- Deliver reports to client (as applicable)
- Obtain preliminary settlement statement
- Send closing instructions to client
- Verify title company has received lender's closing package
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Closing
- Regulary check closing is on target.
- Send distribution authorization to title company.
- Check for open permits on the subject property.
- Confirm final walk-through arrangements have been made.
- Confirm closing time and location.
- Submit final compliance documents to brokerage.
Agent Responsibilities
- Remain an active participant in the transaction
- Provide sales contract, MLS printout, and Tax Record
- Provide contact information for all parties of the contract
- Deliver escrow deposit. (as applicable)
- Schedule and attend inspections
- Perform contract negotiations.
- Attend final walk-through and closing
Remove lockbox and signs (as applicable)
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