Contracts & Compliance
The Inspection Period default.
What is 15 Days?
RGT Pie day 2025
When is November 25th?
Full Name of KWPRP's OP
Who is Alan Strange?
Zero money down loan
VA
A buyer walks into your open house unrepresented and wants to make an offer. This is the first thing you must do before writing one up.
What is get a signed Buyer agreement?
The inspection period ends on a Saturday, Sunday, or national legal public holiday.
What is the next Calendar day?
The Inspection period is extended to the next calendar Day that is not a Saturday, Sunday or national legal public holiday.
Taxes went up in this local city.
What is North Port?
‘C’ in WI4C2TES stands for
What is Communication?
This loan requires a minimum down payment of 3.5%
What is an FHA loan?
A buyer says, “We’re not pre-approved yet, but we want to start looking.” Next Step
What is connect them with a trusted lender before scheduling showings?
Appraisal contingency addendum is needed.
What is a convention loan?
1 local city in a Sellers market
What is Venice?
First name of new Team Leader
Who is Charles?
PMI stands for
What is Private Mortgage Insurance?
A seller wants you to list “as-is” but you notice a roof leak. What is needed before listing?
What is disclose the defect in writing and confirm it on the seller’s disclosure?
Lead based paint addendum required
What is Pre-1978?
This local body of water connects Charlotte Harbor to the Gulf of Mexico and is a major boating draw.
What is the Peace River or Charlotte Harbor?
These three words summarize the KW culture
What are God, Family, then Business?
A home appraises $10,000 under contract price. Buyer’s three options are
What are Renegotiate, pay difference, or cancel if they get loan denial?
A seller calls asking for a “quick estimate” of their home’s value over the phone. What’s your best response?
What is schedule an in-person listing consultation to review comps and property condition?
FIRPTA Stands for.
What is Foreign Investment in Real Property Tax Act
These new laws, effective for condos in 2025, require what kind of inspection?
What is a milestone inspection?
GPS Stands for
What is Goal, Priorities, Strategies
The appraiser must use at least this many comparable properties (or “comps”) to support an opinion of value.
What is three?
The seller accepts an offer, then receives a cash offer for more money. They want to cancel. What do you say?
What is explain they are contractually bound and breaking it may result in legal consequences?