Contract Verbiage
Per the contract, this is the daily fee if a buyer fails to close on time.
What is $250?
This closing cost contribution notes a buyer can receive up to 3% when using our preferred lender.
What is the Affiliate Incentive Addendum (AIA)?
The first person you should talk to when requesting time off.
Who is your partner?
The deposit is paid to this entity.
Who is the Seller?
This agreement states that a real estate broker will be paid at closing only if the home purchase is completed, with the commission capped at either the buyer’s prior agreement or 3% of the total purchase price, whichever is less.
What is a commission agreement for a real estate broker?
This is how many days a buyer has to make design selections.
What is 30 days?
These two stages are the only opportunities for an independent inspector to inspect a home per the Building Inspection Addendum.
What are the pre-drywall stage and immediately before the Pre-Closing Orientation?
The CMA monthly survey due on this day.
What is the first Sunday of the month?
This deposit amount must be paid at design center.
What is 20%?
This legally required Florida disclosure warns buyers about a naturally occurring radioactive gas that can build up indoors and pose health risks, advising them to contact their county health department for testing information.
What is Radon Gas disclosure?
Per the contract, this is when a buyer may visit the construction site.
What is only when they have permission, are accompanied by a Pulte representative, and are wearing hard hats and closed-toe shoes?
This addendum states that certain components of the home will not be operational at closing.
What is the Smart Home Components Addendum?
The process in which a buyer can request to modify something specific in a home, which requires approval prior to contract.
What is a request for modification (RFM)?
Deposit split that only requires GSM approval.
What is less than 30 days?
This Florida addendum references a 2023 law restricting certain foreign buyers from purchasing property, requiring the buyer to confirm compliance and sign an affidavit under penalty of perjury at closing.
What is the Conveyances to Foreign Entities Addendum?
This clause clearly states that both the Seller and Buyer are giving up the right to go to court resolve disputes.
What is the arbitration clause?
This addendum is required with all contracts, although it only affects about 5% of our buyers requiring additional reporting if the purchase is all cash in the name of a trust or LLC OR financed through an institution that does not have an independent anti-money laundering program.
What is the Fincen Reporting Addendum
This process allows the buyer to close later than the current ECOE, but requires them to give up some incentive.
What is the delayed start process?
$5,000 is an appropriate deposit amount for what homes.
What are QMI's that can close within 30 days?
Once a sales contract is written, this action involving a realtor is never allowed.
What is adding a realtor to the deal?
Per the contract, this is when a Buyer may make additions or alterations to the home or lot.
When is never?
Per the financing addendum, how many days does the Buyer have to deliver either a notice of conditional approval or terminate the agreement once the Buyer has received a Financing Deficiency Notice.
What is 3 days?
These are needed prior to requesting approval for a House to Sell contingency.
What is a CMA, a listing agreement or agreement to list within 7 days, a pricing strategy, and a Seller’s Net proceeds sheet?
The only time per contract that a deposit will be refunded.
What is when the buyer is not in default and unable to get CCA in 30 days OR Seller is in default?
This section requires buyers to select structural options at signing and finalize all upgrades by a set deadline, and if changes are requested afterward, a nonrefundable administrative fee of $250–$2,600 per change will apply.
What is the Buyer Option Selections section?