TRANSACTION MANAGEMENT

BROKER/OFFICE REQUIREMENTS

Ensure all documents are collected and signed by all parties

Upload all contract documents into compliance system

Complete required forms/documents required by Broker

CONDOMINIUMS

Obtain copies of deed restrictions/condo docs and confirm receipt by buyer

Ensure buyer has made application and performed interview, if required

Confirm receipt of approval by the title company

CONTRACT

Contact all involved parties and introduce ourselves as a member of your team by phone and e-mail

Thoroughly review and complete all deadlines and timelines

Confirm escrow deposit

Weekly status updates sent to you

CLOSING

Disbursement authorization is provided to the title company

Coordination of closing time and date with all involved parties – if mail away, confirmation of receipt/return of

package

Utility contact sheet sent to seller

Ensure all utilities have been ordered by buyer

Ensure delivery of lender closing documents to Title Company

Track preparation and review of the HUD

Obtain and deliver wire instructions

Schedule final walk-through

Confirm receipt by buyer of final amount due at closing

Confirm receipt by seller of proceeds figure

Ensure Broker has received all closing documents required

FINANCING (REGARDLESS IF SELLER OR BUYER SIDE)

Confirm buyer has made application

Make sure appraisal has been ordered

Follow-up with lender for appraisal results

Monitor underwriting process through receipt of loan commitment followed by the clear to close

INSPECTIONS

Schedule/Confirm inspections for both home and termite within the time frame of contract and inform all

involved parties

Prepare repair request if needed and obtain all signatures

INSURANCE

Schedule/Confirm all insurance related tasks. For example: 4 point, Roof, and Wind Mitigation

Provide title company and lender with all documentations and invoices

TITLE COMPANY

Ensure all documentation is provided within contract time frames

Remain in constant contact throughout transaction

Review title commitment

Acquire existing survey and title policy (if they exist and are still valid)

Make sure new survey is ordered if needed

WHAT YOU DO

Provide fully executed contract, addendums, and contact information for all parties

Deliver escrow deposit to respective title company

Attend home/termite inspection and negotiate repairs

Provide access to property for appraisal if needed

Attend final walk through and closing

Change status in MLS to sold

Order sign down

 …and collect your commission!

 

Fees

Buyer or Seller – Cash Transaction: $250

Buyer or Seller – Mortgage: $350

Short Sales, HUD’s & REO’s: $395

Buyer & Seller (dual closing): An extra $100 will be added to the above fees

 

 

You Only Pay if transaction closes!

We Serve All of Florida!