Contracts 101
This required document must be given to a customer once a substantive communication about real estate is started.
What is Information About Broker Services?
What’s your main goal when you get a buyer lead?
What is to set up an appointment
All of your RE/MAX tools are accessible through this website?
What’s is MAX Center.
This is required before showing buyers homes.
What is a Pre-Approval Letter?
True or False
Only houses are considered real estate.
What is False
You have 3 days to deposit these funds with title once you have an executed contract
What is Earnest Money
Who orders the inspection once a contract has been accepted?
Who is the client?
You give this application to your clients to download when searching for properties.
What is the RE/MAX branded mobile app
3.5% down is required for this loan program.
What is FHA
True or False
You can use your 1 to 4 real estate contact to make an offer on a fourplex
What is True
You use this document to make changes to an executed 1-4 Residential Contract.
what is an amendment.
During this period your buyer has x amount oftime to decide if they want repairs, renegotiate price or terminate the contract.
What is option period
You can rev up your realtor skills by using this platform
What is RE/MAX University?
Low income buyers qualify for these programs.
What is Down Payment Assistance Programs
If you don’t make HOA payments what can the HOA do to ensure payment?
What is a lien?
Your need to attach this form to your offer if your client is getting a loan.
What is the third party financing addendum
Client is approved for 300K loan. You submit an offer for 260K on a listing thats 250K. Appraisal comes back at 255K, who pays the difference?
Who is the buyer or seller
Every time you have a conversation with a Lead/client you should always update...
what is booj CRM
These ratios determine How much your client can borrow.
What is Debt to Income Ratios
True or False
A market analysis is the same as an appraisal.
What is False
Your client owns their home and plans to sell it to buy another house. What form is required on any offers you make for them?
What is an addendum for sale of other property by buyer. Aka Contingency
Your single client purchased a property a year ago. Today your client is planing to sell the property and is married. Who signs at closing?
Who is husband and wife
You can find RE/MAX agents all over the world through this?
What is the global referral exchange?
Your client is buying a 300K home, under the conventional program, what is their required payment.
What is 15,000 dollars
Someone committed suicide on the property you are selling, do you have to disclose that to the new owners?
What is No