- Receive copy of contract and all documents from agent
- Review contract for all signatures, dates, etc.
- Review for any missing documents for compliance requirements
- Notify agent of any irregularities/non-compliance
- Upload contract and all required documents to agent's paperless system
- Complete any documents required by the agent's office for listings
- Notify all parties that we are contact person for the closing and that we are assisting agent
- Send all documents pertaining to closing to necessary parties by preferred method
- Create list with all deadlines and special stipulations and send to agent
- Check with agent to be sure all contingencies and stipulations are handled within deadlines
- Complete various contract documents at the request of the agent (if GAR forms are used)
- Verify that all pertinent documents have been sent to the closing attorney
- Contact lender for updates and to verify appraisal has been ordered
- Complete and submit commission documentation through agent’s office after earnest money is deposited and all contingencies removed (used as needed if not stipulated in contract)
- Obtain a copy of the Covenants and Restrictions, if necessary and not already in file
- Email signed Amendment to Address Concerns to closing attorney if applicable (send to lender if requested by agent)
- Confirm with Closing Attorney that all amendments have been received
- Complete commission documentation as required by agent's office and submit.
- Send signed disbursement authorization to the closing attorney
- Obtain preliminary settlement statement before closing and send by email to agent and agent's client for review
- Obtain a copy of the settlement statement from the Agent along with any other documentation needed/required and upload to Agent’s office
- Mark in each commercial site that property has sold unless syndicated by another listing system
Additional Services Available:
Typing purchase and sale contract (GAR forms only) and any associated documents are available for an additional charge. Contact us for details and pricing.
February 7, 2020