Page 16 - New Agent Real Estate training book

Forms Required

Status Sheet (office records)
Earnest Money turned into office and a copy for the offer
Driver’s License copy (office records)
Pre-qualification/Proof of funds copy

110 SC Disclosure or Real Estate Brokerage Relationship (agency Disclosure)
130 Exclusive Buyer Agency

Contract - must choose one
 300 Sales Contract –condo/residential
 310 Sales Contract – Residential
 330 Sales Contract – Lots & Acreage
230 SC Residential Property Disclosure

Additional Forms that may be required, but not limited to:

393 Short Sale Addendum
315 Beachfront Management Act (if oceanfront)
115 Dual Agency
503 Bill of Sale
390 Addendum
140 Multiple Buyer Disclosure
312 Multiple Offer/Rejection
314 Rejection of Offer without Counter
518 Release of Agreement

New Sale Checklist

 Review contracts and paperwork before inputting into ZIPforms
 Deliver Earnest money check to office immediately
 Obtain Pre-approval or proof of funds
 Verify buyer has applied for financing
 Arrange home inspections and help buyer negotiate repair requests
 Select a closing attorney
 Verify appraisal has been ordered
 Stay updated on Buyer’s loan status
 Stay updated on closing attorney’s progress
 Review CL100 prior to closing
 Verify all contract contingencies have been satisfied
 Deliver any earnest money to the closing attorney
 Arrange for closing date (in-person/mail away)
 Review Closing Document/Settlement Statement prior to closing
 Verify walkthrough has been completed if desired
 Attend closing with client or be available for any issues
 After Deeds have recorded property keys can be given to buyers
 Retrieve a copy of the CD/settlement statement with commission check from Buyer’s attorney
 Turn all checks and settlement paperwork into the office