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Services that we provide:
Open Escrow (if our Buyer) forward buyer's deposit to title.
Work closely with the escrow officer throughout the entire transaction
Turn the file into the Broker at COE
Maintain your file during the escrow
Keep a communication Log
Send introductory letter to your client and the other agent upon receipt
of the file
Track dates and calendar items per the contract (Contingency Removals
etc)
Remind you and the other agent of the contingency
removals and calendar items
that become due
Schedule inspections and notify your client and the other agent of the
schedule
Order and follow up upon receipt of inspection reports
Give pay off information
Order geological reports, home warranty etc., (as per contract)
Forward all paperwork, reports, disclosures to client for signatures (if
you
choose to have that done)
Forward all applicable disclosures to the other agent OR request
disclosures
from the other agent
Clerical services in connection with specific transaction
Provide escrow term sheet to you for approval and then fax to title
Make sure broker/office file is complete at COE
At COE provide you with a complete file |
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Services that we do not provide:
Personal Assistant
Negotiate
Meet inspectors, Appraisers, (or run comps) Hold Open Houses, etc.
Sign any documents for agents
Anything that requests leaving the office
Perform any duties that would be considered a violation of California
Real Estate
Law |
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- The Real Estate Transaction Lifecycle from
the
- Transaction Coordinators Perspective
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Contract Accepted |
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Elite Escrows Receives Contract from Agent |
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Open Escrow
(if our buyer) Send Deposit Check to
Title
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Fax
Contract to the Loan Officer (If our Buyer) |
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Schedule all Requested Inspections |
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Send
Introductory Letter to Client & Other Agent as well as the Calendar of
Events, Inspections Ordered List of Dates & Times & Request for
Disclosures |
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Call Client &
Agent to Introduce
Elite
Escrows |
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Calendar Due Dates for Contingency Removals,
etc. |
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Turn Broker
Copy File to Your Office |
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Begin Process
of Collecting All
Documents |
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As Disclosures
come in from the other Agent, Elite Escrows will send you the copies that
are needed for your Clients Signature or we will set up an appt with your
client to come sign them in our office.
Which ever
you prefer |
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Buyers Loan
Documents are Ordered. |
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Make sure any
work required ei, Termite Sec. 1, Roof Repairs are completed |
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Make Sure We
or
the Other Agent has Removed All Contingencies per Contract Dates |
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Follow up
with Loan Officer to make sure Buyer is Loan
Approved and the Appraisal has come back clear. |
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Buyers Loan Documents Arrive in Title. Call and Schedule for Buyer to
sign off Documents.
****GIVE
TERMS TO TITLE**** |
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Buyers
Documents go into Review for 48 Hours |
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Make Sure all
documents required are in the file, dated and signed and prepare file to
go to Broker for Payment for Real Estate Agent |
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Collect
Commission Checks from Title, Send them along with Agents
Complete File to Accounts Payable for Agent Payment |
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Buyer Goes on Record
**Close of Escrow Day**
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Funding Takes
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