1 / 37

Purchase Contracts

Services Nevada. Purchase Contracts. “The Windermere Way”. Communication Log. Use this Communications Log to keep accurate notes on the transaction as it progresses through the closing process or you can use the Communication log on Windermere e-docs. Duties Owed Consent to Act

gittel
Download Presentation

Purchase Contracts

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Services Nevada Purchase Contracts “The Windermere Way”

  2. Communication Log Use this Communications Log to keep accurate notes on the transaction as it progresses through the closing process or you can use the Communication log on Windermere e-docs.

  3. Duties Owed Consent to Act Residential Disclosure Guide Exclusive Right to Represent Buyer and Agency Agreement Residential Purchase Agreement Additional Clauses Addendum Beltway Disclosure Pest Notice Before You Purchase Addendum to Purchase Agreement for CIC Properties CIC Resale Certificate Home Inspection Notice and Receipt Buyer’s Repair Agreement Addendum to RPA Buyers Cost Sheet Walk-thru Buyer’s PackagesNew File List

  4. Document Checklist

  5. New Sale Check with your office to find out what form you need to turn in to your Broker for a new sale.

  6. Duties Owed Make certain that your client initials that you may not act for both parties in the transaction and make certain that you are using the latest form dated 10/01/05

  7. Consent to Act This form is used only if you represent both sides of a transaction. You will not be using this form, but need to be aware of it.

  8. Residential Disclosure Guide The client will get all 15 pages of this document, but you must turn in only a copy of the last page signed by the client.

  9. Exclusive Right to Represent Buyer and Agency Agreement

  10. Residential Purchase Agreement

  11. More RPA *not required at this time*

  12. RPA continued

  13. Be sure to check this box on page 7 to protect your buyer

  14. Page 9 has the Confirmation of Representation

  15. Here is Counter Offer #2 for use when you receive a counter offer from the seller and the buyer wants to counter back

  16. Additional Clauses Addendum

  17. Beltway Disclosure

  18. Pest Notice

  19. Before You Purchase

  20. Page 3 & 4 of Before You Purchase

  21. Addendum to Purchase Agreement for CIC Properties

  22. Resale Certificate for CIC

  23. There is now a receipt for the Home Inspection Disclosure

  24. Buyer’s Repair Agreement

  25. Addendum to RPA If you need to make a change to the contract after it is accepted, you will use this addendum.

  26. The Estimated Cost Sheet now has a definitions page

  27. Here is the new Walk Thru

  28. Funds HeldSupplement Escrow Instructions The old Walk-thru form had a place to have an escrow hold-back from the seller based upon completion of repairs. This form now replaces that and directs escrow to hold back money until they receive a bill and pay it or repairs are completed.

  29. Gaming Disclosure For current information, have your buyers contact City of Las Vegas 229-6301, Clark County 455-4314; City of Henderson 565-2474; City of North Las Vegas 633-1537.

  30. Here is your Cost Sheet Cheat Sheet

  31. Here is a list from Appraisers outlining the value of upgrades

  32. Frequently Called Numbers

  33. Residential Purchase Timeline and Checklist Whether you are processing your own transactions or using a transaction coordinator, this new form is a priceless addition to our forms.

  34. This Addendum is to be used if you sell a For Sale By Owner Make certain that you have this signed by the seller the first time you show the property. If you are going to show For Sale By Owners, also make certain that you have a Buyer Broker Agreement so if the seller won’t pay your commission, the buyer will. No one works for nothing.

  35. This addendum should be used when you are not working with a full service listing company, i.e. Discount Realty When you work with a limited service company, you will probably deal with the seller directly. You want to make certain everyone understands that you do not represent the seller.

  36. You might have to use this addendum, if there is a question about who showed the property to the buyer first.

  37. Thank you for your attention and patience --- Now go out and find those properties that your buyers want to buy!!!! For more assistance, please go to Useful Information in your manual

More Related