Congratulations on your upcoming closing! As soon as you have an accepted offer on your listing, share the executed contract with the seller’s attorney and buyers agent
In SkySlope Suites, go to your listing checklist and click TRANSACTION, this will open up a new checklist where you can add the executed contract as well as executed disclosures. Be sure to include documentation about who is paying buyer agent compensation.
Approximately one (1) week prior to closing you’ll need to provide the seller’s attorney with a brokerage statement. You will need to fill out a brokerage statement request in SkySlope FORMS. Fill out the request, and attach (assign) it to the checklist in Dot Loop for Admin to review.
The admin will receive your request, draw up the statement, and add it to Skyslope checklist. You will receive a notification that the brokerage statement is ready for you to download. You can now share the brokerage statement with the seller’s attorney and title company.
Prior to the closing, make sure your seller has removed everything from the property. When your seller has the home ready, let the buyer’s broker know so she can set up the final walkthrough. The contract states that the property must be in “broom clean” condition. Many nice sellers leave a six pack of beer or a bottle of wine in the refrigerator to show their gratitude.
Make sure your seller is aware that he cannot remove anything that is physically attached to the property unless it is specified in the contract that the seller will be taking it. Otherwise, you are likely to have a very angry buyer at the closing table.
Many sellers should not and do not attend their closings. They sign a power of attorney and have the attorney sign all the paperwork for them.
As the listing broker, there is no need for you to show up on time. Many brokers show up towards the end of the closing, give the buyer’s broker the keys, and pick up the check and settlement statement. You will upload the settlement statement to the SkySlope Checklist, and bring the check to the office, or you can even deposit the check directly into Kale’s account at any Chase branch. If you deposit the check, simply add the Commission Deposit Submission form and the deposit receipt to the SkySlope Checklist. As long as you’ve submitted all the necessary documentation for the transaction, your commission will be processed within three business days after the funds clear.
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