Contracts 1
These two types of contracts have been modified to further clarify how our commissions are earned?
What are the listing and buyer agency contracts?
Lines 147-148 of this federally regulated offer document always seems to be missed by the agent.
What is Addendum S?
These agents are being recognized for achieving a minimum amount of production each month.
What is a top producer?
The name of the two brothers who currently own Shorewest Realtors.
Who are Joe and John Horning?
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the outstanding loan amount.
What is an interest rate?
Part of this fee that we charge the seller goes towards your marketing dollars.
What is the admin fee?
This is usually delivered within so many days of the offer and is commonly equal to 1% of the purchase price.
What is earnest money?
This report/graph shows whether we are either in a buyers or seller’s market.
What is an absorption report?
This was the name of our company prior to the name being changed to Shorewest Realtors.
What is Wauwatosa Realty?
A type of insurance payment added to a mortgage if you put less than 20% down on your home and it protects the lender if you stop making your mortgage payments.
What is PMI?
These two commission amounts are the minimum commission that we charge an owner to sell their vacant land and residential properties.
What is $1,800 and $4,000?
This document is used for a FSBO seller to complete when the agent has a buyer agency with the buyer.
What is the Customer Disclosure Form?
The phrase, “Knowledge is power, and power is confidence” is used by a person in the office.
Who is Dan Ludwig?
This person in our office recently celebrated their 30th year in real estate.
Who is Sandy Kruse?
A mortgage that is insured by the government and issued by a bank or other approved lender, where you only need 3.5% down payment.
What is FHA?
This cost can be paid by either buyer or seller, covers liens and encumbrances from the time title is ordered to the time title is recorded.
What is Gap Endorsement?
This percentage number is used to initiate action between buyer/seller when any property damage is done to the home between the accepted offer and closing.
What is 5%?
The current Sitzer/Burnett lawsuit in Missouri specifically focuses on this part of our industry.
What is commission?
This brother and sister owned the first two Shorewest franchises. One in Green Bay and the other in Sheboygan.
Who is Sue and Steve Hamer?
A three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time.
What is a credit score?
This document is the only document that is 100% completed by the seller and should not have any kind of advice from the agent.
What is the RECR?
This document is used when the buyer wants to increase their purchase price, but is only used when the buyer is forced to increase the purchase price.
What is Addendum AC?
This scannable label is placed on all of our postcards to make it easier for the recipient to receive information on a listing.
What is the QR code?
This company CRM, which also has a mobile app, is used to locate property, store your database, send automatic emails and run CMA’s.
What is swragent pro?
A home loan with an interest rate that adjusts over time based on the market.
What is an adjustable-rate mortgage or ARM?