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Contract to Close Residential

 

 

  • Open Escrow
  • Verify that all required signatures and initials are on the contract and addenda.
  • Verify that all required addenda are included with the contract.
  • Fill out commission disbursement forms.
  • Open file with the escrow or title company.
  • Send copies of the contract to the other agent, buyer, seller, and lender (as directed by agent).
  • Create a summary sheet containing all parties’ contact information, the property address.
  • Create a Web-based transaction management file with secure access for agents and their clients to monitor the transaction.
  • Upload documents for shared viewing.
  • Order the Home Warranty
  • Send deadline reminders as needed throughout the transaction.
  • Follow up with the escrow company, lender, and other agents as needed. Keep agent informed of those communications.
  • Send a weekly e-mail summarizing the status of the transaction and advising the agent of upcoming deadlines.
  • Ensure that all paperwork is provided to all parties.
  • Request an estimated Closing Statement for agent to review.
  • Follow up with the escrow or title company on the closing day.
  • If the agent represents a seller, send reminders to remove the lock box, obtain seller’s forwarding address, and change status in MLS to "sold" at closing.

 

Residential Listing Prep

  • Input listing in the MLS, including photos & disclosures.
  • Prepare listing paperwork and obtain signatures as needed
  • Submit for Broker Review
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