Page 51 - New Agent Real Estate training book

When a Listing Sells

Forms Required
Status Sheet (office records)
Earnest Money copy from buyer
Pre-qualification/Proof of funds copy from buyer

Contract – must have one of the following
 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
120 Compensation Agreement
140 Multiple Buyer Disclosure
312 Multiple Offer/Rejection
314 Rejection of Offer without Counter
518 Release of Agreement

Checklist For When Your Listing Sells

 Review contracts and documents before uploading them into ZIPforms
 Obtain copies of earnest money and proof of funds from the buyer agent
 Change MLS Status (the office will handle this change)
 Select closing attorney and send them client data and contracts
 Negotiate and repair any Inspection requests
 Verify the buyer has applied for financing
 Keep your seller updated on the buyer’s loan status
 Verify CL100 has been completed prior to closing
 Arrange for closing date (in-person/mail away)
 Verify all contract contingencies have been satisfied
 Deliver any earnest money to the closing attorney
 Review Closing Document/Settlement Statement prior to closing
 Verify walkthrough has been completed if wanted
 Attend closing with client or be available for any issues
 After Deeds have been recorded Keys can be exchanges to buyers
 Retrieve lock box and signs from the listing
 Retrieve a copy of the CD/settlement statement with commission check from Buyer’s attorney
 Turn all checks and settlement paperwork into the office