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Related Flashcards
Related Topics
Cards In This Set
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Date at top of each page.Address at top of each page.
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Important, ties documents together.
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1. Offer:A.
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Buyers name, spell names correctly. Proper, Specific
How do they want the name in Title. |
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1. OfferB. The property address
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Address and APN on MLS- be specific
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1.Offer C. The purchase price
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Write out the $ amount, like on check.
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1.Offer D. Close of escrow
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Sit down with buyer and pick date. Look at a calendar, instead of 30-45 days of acceptance-pick specific date on calendar. Tues. Wed. Thurs are good days. Give yourself maybe 35 days. Acceptance day is today , tomorrow is Day 1. Government loan takes longer. Chat with the listing agent to see what sellers want. talk to your lender.
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What should you have done before you even start writing the RPA?
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Have buyers prequalified.
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2. AgencyA. Disclosure
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Refers to the C.A.R. Form AD. Have this 2 page form with me. Disclosure Regarding Real Estate Agency Relationship. Seller's Agent, Buyer's Agent or agent is representing both Seller and Buyer. Extremely, important.
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2. AgencyB. Potentially competing buyers and sellers.
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Refers to the C.A.R. Form DA. Have this 1 page form with me. Disclosure and Consent for Representation of more than one Buyer or Seller.
Make sure that you mark the correct boxes. |
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Seller's Agent
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A Seller's agent under a listing agreement with the Seller acts as the agent for the Seller only.
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Buyer's Agent
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A selling agent can, with a Buyer's consent , agree to act as agent for the Buyer only. In these situations, the agent is not the Seller's agent , even if by agreement the agent may receive compensation for services rendered, either in full or in part from the Seller.
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Agent Representing both Seller and Buyer
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A real estate agent, either acting directly or through one or more associate licensees, can legally be the agent of both the Seller and the Buyer in a transaction, but only with the knowledge and consent of both the Seller and the Buyer.
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2. AgencyC. Confirmation:
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------Keller Williams Broker represents the Buyer.
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3. Finance Terms:A. Initial Deposit
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Usually between 1-3%. 1-1.5%. Don't want the initial deposit to go over 3%. 1% down minimum, ask listing agent if they want more. Would want possibly to get a form of money that can't be cancelled. Or if it is a personal check have short time period. Can either wire funds, cashier Check. 3 Business Day . Get a copy of check and have client deliver the check to escrow. Leave a space and put _______escrow.
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3. Finance TermsB. Increased Deposit C.A.R. Form RID is for
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Earnest deposit, try not to touch.any increased deposit at the time it is deposited.This maybe needed at the time contingencies are removed.
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3. Finance TermsC. Loan (s)
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Maximum rate of the loan interest rate.This loan shall be at a fixed rate not to exceed ___%-fill this out.If I put a max % and pay no more points. Make sure you fill this out. Be in good condition with your lender.
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