PROCESS A TRANSACTION

Congratulations on your sale !

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INTRODUCTION

 

Please read the following items VERY CAREFULLY. It will keep both

of us from losing our licenses and being sued in a court of law !

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Included on this How To Process A Transaction page is all the

information you need to completely process your transaction.

It is extremely important that you follow ALL the instructions

properly to have a smooth transaction and avoid being sued by clients

and losing your license. Being an agent for a real estate transaction

is a serious undertaking that needs to be conducted with the utmost

professionalism and thoroughness to every detail.

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If you do not feel comfortable processing your transaction yourself and/or, if you prefer to spend your time acquiring your next sale, then using our in-house professional Transaction Coordinator is highly

recommended. 90% of agents use a TC. The fee for CURB’s in-house Transaction Coordinator to process

your entire transaction is $995 for the VIP Contract to Close Service or $395 for the Standard TC Service. 

To have your own personal Transaction Coordinator handle your paperwork, please contact: CurbCA@CURB.estate or 888-279-4230 x 2 

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Talk about one-stop-shop, CURB has our own in-house escow company, Better Escrow, for you and your buyers and sellers to utilize. When representing a seller (or even buyer), we will open escrow for you with Better Escrow. Keeping your transaction under one roof and one phone call is priceless. There is NO additional fee for our Escrow service. Tessa, CURB's escrow officer, will be processing your escrows.

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Plus, when you are using our in-house Transaction Coordinator service they will even set up all

your escrows for you. ..One less thing for you to deal with.  Literally one call and one person does it all for you. 

 

* CURB bonus; when you use Better Escrow you get paid directly into your bank account the same day your transaction closes !  Tessa@BetterEscrowService.com or 818-962-2367

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HOT TOPICS 

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Important Items To Processing a Transaction

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AGENCY DISCLOSURES

BEFORE engaging in ANY aspect of a transaction with a buyer or seller you must get an Agency Disclosure signed by your clients. This is the very first item that needs to be signed and dated before anything else.

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DEPOSIT CHECKS

NEVER NEVER NEVER (..did I say never ?) receive a deposit check from a buyer.
In order to get a buyer's deposit into escrow after an offer is signed and accepted, simply give the buyer the phone number and email address to the Escrow Officer handling their transaction. The Escrow Officer will let your buyer know how to get their deposit into escrow properly.

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PRELIMINARY TITLE REPORTS

Agents must read Preliminary Title Reports.
Contact your Escrow / Title officer right away if you notice anything outstanding in the report. Your Escrow Officer will then take the necessary steps to rectify the issues.

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TDS (Transfer Disclosure Statement)
In the agents portion of the TDS, make sure you note EVERY issue you see with the property during your own preliminary visual inspection, as well as your final visual inspection with the buyer the day before escrow closes. Even a brand new house has issues, so make sure you note all outstanding items.  If no items are noted it will bite you later! Taking photos of issues is a fanny saver.

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EMAILS

Keep ALL emails on every transaction in your email server, and/or your transaction file for 3 years.
Get EVERYTHING in writing or email. ..If it’s not in writing, you ain’t got doodly-squat.

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LEGAL ISSUES

If you have any concerns regarding the legal or ethical nature of your transaction, please call CURB Realty to discuss the issue before you take action. If you are a CAR member you also have access to contact an attorney for free: legalhotline@car.org or 213-739-8282