TRANSACTION MANAGEMENT
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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
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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
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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
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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
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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
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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
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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
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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
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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
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…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 the transaction closes!
We Serve All of Florida!