Size Matters
43,560
What is the EXACT # of days a buyer has to submit their EMD
3 business days
What is RLA
Residential Listing Agreement
Minimum % down for a conventional loan.
3%
Coastline was officially founded in 2020
False. Coastline was "officially" founded in Feb 2021 when the DBA was secured.
What is the total # of pages in the California RPA
16
What is the # of days a seller has to send mandatory disclosures
7 days
What is AVID
Agent Visual Inspection Disclosure
Minimum FICO score for an FHA loan at 3.5% down
580
The lowest deal Coastline has closed was $7000...in sales volume!
True. A land deal in 21 palms was sold for $7k.
What is the maximum capital gains exemption for a married couple
$500,000
What is the # of days a buyer has to secure home owners insurance
17
What is COE
Close of Escrow
Minimum FICO score for Tier 1 credit
740
Shaylie formerly worked for the #1 Team in CA.
False. Ray was the director for the Kevin Blain Team!
What is the maximum allowed # of days in the 1031 identification period
45
What is the # of days a buyer has to cure a Notice to Perform
What is NBP
Notice to the Buyer to Perform
Minimum % down for a no-ratio DSCR loan
30%
Coastline has sold a home in 7 counties.
True! Kern, San Luis Obispo, San Diego, Ventura, Orange, Los Angeles, Riverside.
What is 2.5% of $1,950,000
$48,750
What is the # of days on market before a flipper can accept an FHA offer
30
What is CI
Commission Instructions
Highest income ratio you can get for a bank statement loan
85%
Coastline is owned by RayShay Inc.
False. Graham Group LLC is the company that owns Coastline.