Beem Team Knowledge
The founder/CEO of the Beem Team
Who is Andrea Beem?
The term for a home that is listed for sale
What is a listing?
This is the deposit buyers put down to show good faith
What is earnest money
This is where agents spend a lot of their weekends
What are open houses
This happens when a seller accepts an offer from a buyer
what is going under contract?
When a possible buyer tours a home with their agent
What is a showing?
This document reveals known issues with the home
What is a disclosure
This the most common way agents communicate with clients daily
What is texting
This is a common reason a deal fails after going through an inspection
What are repair issues
The CEO's amount of time in Real Estate
What is 18 years
The Document that outlines the terms of a home purchase
What is a purchase agreement
This company verifies ownership & handles legal transfer of property
What is the title company
This is what agents sometimes have to do before a showing or open to prepare the home
What is staging or cleaning
This is when a home is valued lower than the agreed purchase price
What is a low appraisal
What is Coast to Coast real estate
The process of getting a loan approved before choosing or buying a home
What is pre-approval
This is the document that confirms final loan details before closing
What is the closing disclosure
this is what agents do when negotiating a price between buyer or seller
What is making an offer or counteroffer
This protects buyers if financing falls apart
What is a financing contingency
What is 2019 & Ben Kinney + Chris Suarez
The is the database the agents use for finding listings
What is the MLS
This is the official record of a home sale filed with the county
What is the deed
The one trait all great agents have in common
What is strong communication skills OR consistency
This is the final stage where ownership officaially changes hands
What is closing?