Contracts To Close

Service Description

• Review Contract and get any missing documents or signatures • Use Broker Procedure to turn in contract • Follow any office procedures for paperwork • Complete FMLS forms 117 & 118 and send to FMLS • Send Contract to Lender with introduction • Send Contract to Attorney 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 • Create Buyer Brokerage and Affiliated Business Disclosure – get signed • Gather utility information • Change Status in FMLS & GAMLS for your listing • Track appraisal & notify parties of results • Track the loan status of the Buyer and update weekly • Confirm Lender ordered title • Draft any amendment needed – except inspection* • Schedule Termite inspection and distribute letter • Coordinate Survey Order with Attorney • Verify Clear to Close with the lender • Schedule closing, notify parties • Send directions and confirm wiring instructions have been received • Send commission agreement to Attorney • Order home warranty and send to Attorney • Verify Attorney and Lender have all amendments • Confirm Package received by Attorney • Request Settlement Statement and send to you • Verify that your Broker has all required Documents • Request Pay at Close from Broke (if applicable), send to Attorney • Send closing reminders to you and clients • Send Settlement Statement to your Broker after closing AGENT RESPONSIBILITES: • Review and confirm the accuracy of the escrow instructions. • Perform all contract negotiations, including the negotiation of repairs, amendments, and all contract changes. • Advise client on real estate matters (we will not provide real estate advice on your behalf). • Provide written (email) confirmation of walk-through, and we will compile signatures on the walk-through form based on your direction.