THE LETTER "A"
DISCLOSURES
DAY 2 DAY
FEEdom
RPA PROVISIONS
100
A lender for Country Club Mortgage who previously worked at Wells Fargo
Who is ASA BELT
100
Required on all properties built prior to 1978
What is the FEDERAL LEAD BASED PAINT DISCLOSURE (CAR form FLD)
100
The default number of days a seller has to disclose all material facts to a buyer.
What is 7 DAYS
100
Most common allocation of Escrow Fees on a Conventional Loan
What is 50/50 or SPLIT 1/2 EACH
100
This is not a contingency of the sale, but available to the buyer 5 days prior to closing.
What is a FINAL VERIFICATION OF PROPERTY CONDITION (Final Walk-through) CAR form VP
200
This disclosure satisfies a legal requirement and can be incorporated into a transaction by checking a box on page 3 of the TDS.
What is the AGENT'S VISUAL INSPECTION DISCLOSURE (CAR Form AVID)
200
This document requires seller to state whether they have "cripple walls"
What is the EARTHQUAKE HAZARDS BOOKLET DISCLOSURE
200
Default response time given by a Notice to Perform
What is 48 HOURS
200
In any action, these fees are paid by the non-prevailing party
What are ATTORNEY FEES AND COSTS
200
These two fees are listed in the contract as not protected by a loan contingency
What is a buyer's DOWN PAYMENT and CLOSING COSTS
300
A past CB agent who compared Alyson Zumwalt to accused kidnappers of Haitian children
Who is ANGIE JORGENSEN
300
Lets all parties know that real estate markets move in cycles and that broker's do not recommend buyers to make non-contingent offers.
What is the MARKET CONDITIONS ADVISORY
300
Expiration of an offer occurs on this day at 5pm
What is THE 3RD DAY AFTER IT HAS BEEN SIGNED BY THE BUYER
300
This fee is calculated at $1.10 per thousand
What are KINGS COUNTY TRANSFER TAXES
300
Seller's have no obligation to respond to this document
What is a Repair Request
400
This term is defined as delivery and personal receipt of a fully signed offer or final counter offer to the other party or authorized agent.
What is ACCEPTANCE
400
A new homeowner get's hit in the head with a golf ball after closing on a golf course property you just sold him. What document would you immediately pull from your file?
What is THE STATEWIDE BUYER AND SELLER ADVISORY (CAR form SBSA)
400
Default day that a tenant occupied property shall by fully vacant
What is 5 DAYS PRIOR TO CLOSING
400
What dollar amount is used to calculate the amount of an Owner's title insurance policy?
What is the PURCHASE PRICE
400
Per the contract, if this document is needed, refusal to sign without a good faith reason is subject to a civil penalty up to $1000
What are CANCELLATION INSTRUCTIONS or CANCELLATION OF CONTRACT (CAR form CC)
500
This purchase contract provision cannot be used in judicial foreclosures or probate matters
What is ARBITRATION
500
States, among other things, that Brokers in a transaction are providing a service to complete a purchase and sale and are not responsible for providing warranties on the property condition.
What is the COLDWELL BANKER PREMIER REAL ESTATE PURCHASE AGREEMENT ADDENDUM (CB Addendum)
500
Amount of time given to a buyer to review any disclosures or reports provided by the seller after the 17th day.
What is 5 DAYS AFTER RECEIPT
500
The liquidated damages clause in the contract provides as seller can keep this amount should the buyer breach the contract. (Hint: There are a minimum and a maximum amount)
What is THE DEPOSIT ACTUALLY PAID AND NO MORE THAN 3% OF THE PURCHASE PRICE
500
Per the Title and Vesting section of the contract, what will the buyer be provided in the time specified in Paragraph 14
What is the PRELIMINARY TITLE REPORT