Millionaire Real Estate Agent MREA Contract to Close Exercise Packet Student A Course for the Millionaire Real Estate Agent Team
Parties of the Sale Agent: Transaction: Seller / Buyer Representation: Our Client Buyer Seller Res. Condo Resale New Construction Property Address: Sales Price: $ (# & street name) (city, state) (zip) SELLER In CMS Name(s): Address: City, State, Zip: Email: Work Phone: Home Phone: Fax: Cell: BUYER In CMS Name(s): Address: City, State, Zip: Email: Work Phone: Home Phone: Fax: Cell: CLOSING COMPANY In CMS Company: Closing Agent: Assistant: Address: City, State, Zip: Email: Work Phone: Home Phone: Fax: Cell: MORTGAGE INFORMATION In CMS Company: Loan Officer: Loan Processor: Address: City, State, Zip: Email: Work Phone: Home Phone: Fax: Cell: Closing Date & Time: CoOp Agent Name: Email Fax Work Phone Cell Referral: Yes No Fee Agent Info: 2
Contract Worksheet Agent: Transaction: Seller / Buyer Res. Condo Resale New Construction Representation: Our Client Buyer Seller Property Address: Sales Price: $ (# & street name) (city, state) (zip) CONTRACT SETUP INFORMATION Effective Date of Contract: Contract receipted by: Possession date: Settlement/Closing date: Greensheet completed and turned into KW MC DA received and verified against Greensheet Seller s disclosure signed & initialed by all parties Seller closing packet sent Buyer closing packet sent Info entered in Contact Database DEADLINES PER CONTRACT Mortgage Company: Financing: CONV FHA VA OTHER Years Fixed ARM Loan Application: Loan commitment due: Received Option deadline: Option Check delivered/received Appraisal ordered Appt Date.: Appraisal Received Appraised Value: $ Submitted to underwriting Loan Docs Ordered Final loan approval Paperwork delivered (Intro Letter, Parties of the Sale, Update Requests, etc.) Inspections: Inspection deadline: Repair limit addendum deadline: Repair limit:$ Inspection Results Received: Contract amended for Repairs Repairs Completed Termite ordered: Termite completed: Termite Limit: $ Termite treatment completed: Closing Company: Title commitment ordered: Received Reviewed Survey ordered: Received Additional Escrow/Earnest Due: $ HOA resale certificate ordered HOA certificate received Paperwork delivered (Intro Letter, Parties of the Sale, Update Requests, etc.) Other Insurance for Buyers: (Flood, Earthquake, etc.) Insurance: Buyer arrange for insurance: Seller cancelled insurance: (After it has recorded) Yes No Yes No PRECLOSING DEADLINES Bills/receipts to Closing Company Keys to Closing Company HUD to seller DA faxed to Closing Company Utilities transferred Buyers Walkthrough date & time: Coop water transfer: HUD to Buyer/Cashier Check: Seller leaseback? CLOSING STATEMENT (HUD) INFORMATION Commissions: Total: $ Split: %Listing %Selling MLS Fee Processing Fee Closing Costs Points Fees: Appraisal: Survey: Company: Not to exceed: $ Inspections Warranty NonAllowable: Included Not Included Not to exceed: $ Additional Items to be covered: Short Term Reissue rate or Investor Rate applicable for our client? (Title Policy Discount) Termite Company: Not to exceed: $ Repairs Show as: Credit Closing Costs HOA Transfer: Other *Pd by: S= Seller B= Buyer B/S= Buyer pays, Seller reimburses S/B= Seller pays, Buyer reimburses SP= Cost is split MREA ADMIN: CONTRACT TO CLOSE v3.2 2004 KELLER WILLIAMS REALTY, INC. 3
Submitted by: FIELDS IN RED ARE REQUIRED FOR SUBMITTAL PLEASE SUBMIT WITH COMPLETE CONTRACT AND MLS PRINTOUT 2006 KELLER WILLIAMS REALTY, INC. (Office Use Only) (Office Use Only) DA# 1 Type: Class: Source of your Client: Property: Listing Side: Selling Side: 2 PROPERTY MLS # MLS Area: Street # Street Name: State: Zip: County: Subdivision: Map Grid: 3 Buyer's Name: Phone: Current Address: City/St/Zip: Will Owner Occupy? Yes No Fax: 4 Seller's Name: Phone: Current Address: 5 COBROKER Company Name: Amount to pay Selling Broker if your Listing $ Keller Williams Realty GREENSHEET: Contract to Close Address/St/Zip: Close Date: Phone: Recruiting: Have you talked to this agent about Keller Williams? Agent Name: Contract Date: Phone/Fax: Tax ID # If No Why not? Would we want this agent on our team? Why? 6 MORTGAGE CO. Required for Type: Sale or Both Company Name: Phone: Fax: Address: Loan Amount: Loan Officer: State: Zip: Loan Type: 7 CLOSING COMPANY Close File ID# Company Name: State: Address: Zip: Closing Officer: Phone: Fax: 8 HOME WARRANTY INFORMATION Who is paying for Warranty: Warranty Provider: Address: State: Zip: NOTES: Please use the space to include any additional notes or additional information. Warranty ID# OFFICE USE ONLY Transaction Not Closed Date TNC in Computer Team Leader's Accept Date: Initial Reason for Transaction Not closed Revised 06/23/2006
Greensheet: Page 2 ONLY ONE GREENSHEET SHEET PER PROPERTY. This is an information sheet only. All KW Associates and Referrals MUST APPEAR on this sheet. The MCA will generate final numbers and a Disbursement Authorization. Property Address: 0 0 0 0 00000 Sale Price: Enter Commission Percentage PERCENTAGE COMMISSION For our MC Side ONLY Listing Commission % 0.00% $ 0.00 Sale Commission % 0.00% $ 0.00 FLAT COMMISSION $0.00 Enter Flat Commisson For our MC Side ONLY Listing Commission Sale Commission $ $ GREENSHEET ASSOCIATE DETAIL ASSOCIATE A ASSOCIATE B ASSOCIATE C A. Associate ID (last 4 of SSN) B. KW Associate Name Associate Role (Individual,Team Lead,Buyer Asst, Listing Asst. etc) C. Type: Listing, Sale, Inside or Other D. Class: Property, Lease, Referral, Other E. Agency: Buyer, Seller, Dual, Other F. Listing Unit G. Sales Unit H. Associate Written Volume I. Gross Commission J. Outside Referral to Other Broker * () () () K. Concession to Buyer or Seller () () () L. Bonus Split with MC or 100% to agent? (+) (+) (+) Subtotal (Calculate "N" and "O" from this number) M. % Associate Commission Split and Subtotal N. Associate Royalty () () () O. Agent Franchise (coming soon!) () () () P. Inside Referral () () () Q. KW CARES Donation () () () R. Other Deduction () () () S. Other Deduction () () () T. Other Deduction () () () U. Other Deduction V. Buyer's Home Warranty (if paid by Agent) () () () NET COMMISSION = A) B) C) * OUTSIDE REFERRAL DETAIL ( Use only if you are paying a referral fee to someone outside your MC) Paid by Associate Broker/Company Name/Agent Phone: Dollar Amt: A B C Referral's Tax ID# Address: Fax: State: Zip: Email address: * OUTSIDE REFERRAL DETAIL ( Use only if you are paying a referral fee to someone outside your MC) Paid by Associate Broker/Company Name/Agent Phone: Dollar Amt: A B C Referral's Tax ID# Address: Fax: State: Zip: Email address: * OUTSIDE REFERRAL DETAIL ( Use only if you are paying a referral fee to someone outside your MC) Paid by Associate Broker/Company Name/Agent Phone: Dollar Amt: A B C Referral's Tax ID# Address: Fax: State: Zip: Email address:
Settlement Summary for Escrow Settlement Company: Attention: Date: From (Closing Agent): Property: Seller Names: Seller SS# My name is<your NAME>, and I am the closing manager for<agent OR TEAM NAME>. I understand you will be conducting the settlement for the above referenced property. Should you have any questions regarding this closing, please contact me, not<agent OR TEAM NAME>. To help you with this transaction, I am providing you the following information: Date of Settlement: Special Earnest Money Instructions: Termite Inspection will be done by and paid for by Seller/Buyer, not to exceed $ Commission Split: % Selling Agent and % Listing Agent. Bonus of $ paid to and paid by Transaction fee of $ payable to <COMPANY NAME>, paid by Seller per listing agreement. Transaction fee $ payable to <COMPANY NAME>, paid by Buyer per agreement. Appraisal shall be paid for by Seller/Buyer/ Seller and reimbursed by Buyer/Buyer and reimbursed by Seller. Home Warranty to be paid by from cost $ Rent Back agreement at the Purchasers P.I.T.I., plus $ to be held in escrow, per agreement. Post settlement agreement rent adjustment/credit of $ <COMPANY NAME> also need to be reimbursed for the following items. Check should be made payable to <COMPANY NAME> Expect repair/maintenance bills on this property. Please call before preparing your preaudit statement. Lender Name: Payoff: Loan #: Phone: Seller qualifies for the shortterm reissue rate on their title policy. (Discount on Title Policy fees) CoBroker Agent: Buyer s lender will be: Attn: Other: Other: Please be sure to fax us a copy of the preaudit statement and payoff statements as soon as they become available and before close of escrow. DO NOT CLOSE ESCROW UNLESS WE APPROVED THE PREAUDIT SETTLEMENT STATEMENT. Thank You! <YOUR NAME> <PHONE NUMBER> <EMAIL ADDRESS> 6
Closing Company File Status Update Closing Company: Attention: Date: From (Closing Agent): Property: File Number: Contract and earnest money received: Earnest Money Receipted: Additional Earnest Money Receipted: Introduction letter mailed to customer: Payoff/Assumption statement ordered: Payoff received: Commitment sent to lender: Commitment sent to buyer s agent: HOA Info/Resale certificate received: Survey ordered or existing survey verified: Survey received and sent to lender: Hazard insurance information received: Termite inspection received: Repair invoices/receipts received: Home warranty ordered: Lenders docs received: HUD Statement approved: Closing Schedule: 7