Transaction Management
SERVICE LIST MAY VARY BASED ON STATE & TEAM STRUCTURE:
- Review contract for accuracy and obtain missing documents and/or signatures
- Follow Broker Procedures to submit contractual documents to your office
- Complete any MLS notification requirements
- Send Contract to Lender with introduction
- Send Contract to Attorney or Title Company with introduction
- Send your Buyer or Seller introduction
- Send Co-op introduction
- Send you reminders of contract deadlines
- Draft the Commission Agreement, send for signatures & send to attorney or title company
- Create Buyer Brokerage and Affiliated Business Disclosure – obtain signature
- Gather utility information
- Confirm Lender ordered title
- Track appraisal & notify parties of results
- Track the loan status of the Buyer and update weekly
- Schedule Termite inspection and distribute letter
- Draft Amendments, circulate for signatures, and distribute to professional parties – Except Inspection Addendum*
- Coordinate Survey Order with Attorney or Title Company
- Verify Clear to Close with the lender
- Send directions and confirm wiring instructions have been received
- Send commission agreement to Attorney or Title Company
- Order home warranty and send to Attorney or Title Company
- Verify Attorney or Title Company and Lender have all amendments
- Confirm Package received by Attorney or Title Company
- Request Settlement Statement and send to you
- Verify that your Broker has all required documents
- Request Pay at Close to Broker (if applicable)
- Coordinate closing time and location Inform all parties, send directions, update calendar and send reminders
- Obtain DA details; Ensure DA is available for closing and share with Attorney or Title Company (if applicable)
- Close out transaction in MLS and broker platforms
- Agent will handle the home inspection, negotiation and amendment to request repairs*
TASKS MAY VARY BY STATE
We can provide you with a custom quote that fits you particular needs.