Paper Chase
Form used in GA to make an offer on a home
What is a Purchase & Sale Agreement?
Color your file should be if you want that paycheck.
What is green?
MLS
What is Multiple Listing Service?
The is the legal document that proves ownership of a property.
What is a deed?
This clause in a purchase agreement allows the buyer to cancel if they cannot secure financing.
What is the financing contingency?
This exhibit outlines the loan type and terms in GA.
What is the financing exhibit?
The form that protects the brokerage if a buyer decides not to get a home inspection, survey, home warranty, etc.
What is the Hold Harmless form?
ATAC
What is Amendment to Address Concerns?
The amount a buyer pays to show serious interest in a property.
What is earnest money?
A detailed map that shows property boundaries and lots.
What is a plat map?
This exhibit discloses property conditions, defects, or repairs.
What is the Seller's Property Disclosure?
Name of our trusty office printer
Who is Big Al?
FSBO
What is For Sale By Owner?
This is the term for a loan used to buy a home.
What is a mortgage?
This term describes a decrease in property value.
What is depreciation?
This exhibit is required for homes built before 1978.
What is the Lead-Based Paint Exhibit?
At what time does Carla head out for the day?
What is 1pm?
CC&R
What is Covenants, Conditions, & Restrictions?
GA requires this legal professional to conduct real estate closings.
Who is a closing attorney?
Term for when the buyer takes over the seller's existing loan.
What is Loan Assumption?
This form notifies the attorney of how commissions are to be paid at closing and includes directions for disbursing funds to the broker.
What is the Instructions to Closing Attorney form?
Name of the official VanderMorgan ride
What is the Realtor Rocket?
PMI
What is Private Mortgage Insurance?
This term refers to the land and any permanent structures on it.
What is real property?
A legal claim against a property, often used as collateral.
What is a lien?