Oh My, Which Form?
Used to document a buyer's need to sell property prior to closing escrow
What is the COP (Contingency for Sale of Buyer's Property)?
If a buyer changes financing can the seller cancel?
No, as long as buyer can close on time
Listing Agent receives unsolicited personal information from a buyer. Per LA, agent does not provide this information to Seller
What are love letters
Satellite dish
yes, no or depends?
Yes
Who you call if you have a mud tubes around your foundation?
a termite company?
What document would Seller use to remain on the Property for a week after the close of escrow?
What is the SIP - Seller in Possession?
In the RPA all contingencies in paragraph 3L default to how many days?
17
Legally required for disclosing earthquake fault zones, flooding zones and very high fire zones etc
What is the NHD?
microwave
yes, no or depends
depends
Who you call if you have bright green, spongy grass on your drainfield
Who is the Septic people?
Per the Listing Agreement, which form is required to be
ordered within 5 days of opening escrow (unless changed)
NHD?
The RPA defaults to seller doing this when removing TVs and Speakers
What is remove the hook and fill in the hole.
When the FHDS is required by law
if the property is in a high or very high fire zone (and build before 2010 for part of the form)
The logs and grating in the fireplace
Yes, No or Depends
yes
You see a greenish-black growth on fiberboard, paper, dust, or lint on a property, particularly in areas that may have recently flooded or suffered other types of water damage and to assess the potential issues you call?
Who are the Mold People?
You represent Seller, and Seller agrees to increase your commission, which form would you document this on?
What is the Modification of Terms
The RPA defaults to smoke detectors, water heater strapping and carbon monoxide detectors being installed by ___
A. The close of escrow
B. 7 days
C. 10 days
D. The final walk through
Legally required disclosure given for properties built before 1978 that may have lethal defects
What is the lead based paint disclosure? LPD
flat screen TV attached to the property
yes, no, depends
no
You are the LA and the buyer is moving on the property prior to the close of escrow. Seller wants buyer to release seller if anything happens and you want to help seller with that, so you call....
Who is Cindy Rubin?
You represent seller. There is a tenant in the property who is staying in the property. What form should the seller use?
TOPA
Seller sends buyer a NBP for contingency removal.
Buyer fails to remove contingencies.
Seller cancels.
Who is entitled to the EMD?
Buyer
Seller signs listing agreement which says no marketing for 4 days, so you ......
enter the property into Registered on the MLS website
Nest thermostat
yes, no or depends
yes
Title requires an inter spousal deed from Buyer's husband so you call them to prepare it
Who is Escrow?