NAR Settment
$418 million
What is the amount NAR will pay in the settlment?
These should be submitted to clients as objectively and quickly as possible.
What are offers and counter offers?
This form is often provided prior to a listing and details the amounts received by the seller after deducting all costs and expenses from the gross proceeds in a transaction arising from the sale of an asset.
What is a net out?
Needed prior to touring a home
What is a buyer/broker agreement (BBA)?
For Sale signs should not be placed on a property for sale without prior consent from the...
Seller
This document is used prior to "working with" or touring homes with a buyer.
What is a Buyer/broker agreement?
August 17, 2004
In the event of contractual disputes or specific non-contractual disputes as defined in Standard of Practice 17-4 between REALTORS®, this should occur.
What is mediation?
This is a form that provides final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).
What is a closing disclosure?
Unconditional Compensation
What field in MLS that will be removed?
When was the Code of Ethics first adopted?
1913
This is completed to determine or confirm land boundaries.
What is a survey?
Compensation Agreement
What document will be required in order to guarantee compensation?
What are the 3 C's of the code of ethics?
Report gathered to show estimated value of a piece of real estate, ordered by the lender and usually paid for by the seller.
What is an appraisal?