NW 101
In what state and year was New Western founded?
Texas and 2008
DA1 sells a deal to Signer1. DA2 has Signer2 disclosed and requests a split. DA2 did not send out the deal on Salesforce - does DA2 still get a split of the sale?
No.
Split eligibility is determined as follows:
Deal Sent via Salesforce
If DA2 sent the deal and the investor is subscribed → proceed
If DA2 didn’t send the deal → no split
Whose funds are used to purchase the property in the frontside transaction.
Our Own
Name at least two of the escrow companies we use and the offices that typically use each one.
Starcrest Escrow: LA
Shalimar Escrow: IE or OC
On Track Escrow: IE
Prominent Escrow: OC
What happens if you don’t post a Sight Unseen Addendum and the investor did not walk the property with you?
Your sale can be “sniped” by another agent who has a valid wire, a signed contract, and either proof that they walked the property or a Sight Unseen Addendum.
What year did New Western expand into California?
2013
DA1 sells a deal to Signer1. DA2 has Signer2 disclosed and requests a split. DA2 sent the deal out on Salesforce, but the investor is unsubscribed.
Does DA2 get a split sale?
No. Split eligibility is determined as follows:
Deal Sent via Salesforce
If DA2 sent the deal and the investor is subscribed → proceed
If not subscribed → no email sent → no split
If DA2 didn’t send the deal → no split
Who are the two principals in the Frontside transaction’s purchase agreement?
Seller and Stockpile Property Ventures LLC
What are the 2 emails we send after selling a house?
Incoming Wire Email and BS Open Escrow Email
Your investor wins H&B at 12:05 PM. What time is their wire due, and at what time can another agent snipe the sale?
1:35 pm and 1:36 pm
What are the two most apparent benefits of working with New Western as a buyer?
Consistent Deal Flow and a Streamlined Buying Process
DA1 sells a deal to Signer1. DA2 has Signer2 disclosed and requests a split. DA2 sent out the deal via Salesforce (investor is subscribed) but does not have any documented outreach. Does DA2 get a split sale?
No. 2. Follow-Up Communication
Must include documented outreach (call, text, or email) about the specific deal
Call: within 24 hours of deal release
Text/Email: must reference the specific property
If verified follow-up exists → split may be warranted
If no follow-up beyond initial email → no split
What are New Western’s two California holding companies and the offices associated with each?
Stockpile Property Ventures LLC — Los Angeles, and SBR Empire LLC — Orange County and Inland Empire
Who funds first in the BS Escrow using hard money? Who funds last?
The BS buyer funds first, then the lender. FS cannot be funded until BOTH the buyer’s and lender’s funds are in BS escrow.
For FCFS, what MUST be shown in the contract screenshot posted in GroupMe?
Evidence of a signed Contract must show the first page of the Contract, including the buyer’s initials and the property address.
April 18
In any split sale dispute, which DA gets to keep ownership of the contact?
No.
Ownership of the Contact (Going Forward)
Determined by GM based on:
Nature of investor relationship (ongoing vs. one-off)
Best-fit DA
Outcomes may vary:
DA2 keeps Signer2 with or without a split
DA2 loses Signer2 but may still receive a split
What are the three main parameters Acquisition Agents use when selecting comparable properties?
1. +/-20% of the subject property’s square footage
2. Within 1 mile or closer
3. Sold within the last 90–180 days?
How many days before your scheduled close date should you send the Notice To Perform/Demand To Close to help ensure your buyer closes on time?
NTP: 2 days before close of escrow and DTC: 3 days before close of escrow. We usually deliver it 3 days before COE.
What must be included in a wire confirmation screenshot for it to be considered acceptable for First Come, First Served (FCFS)?
Acceptable evidence proving a wire has been sent or received is defined as a wire confirmation displaying a wire confirmation number (not a mere wire request, account number or other evidence)."