Congratulations on your upcoming closing! As soon as you have an accepted offer on your listing, use dotloop to share it with the seller’s attorney and submit the contract folder for review to the office.
When the closing starts getting nearer, you’ll need to provide the seller’s attorney with a brokerage statement. The central office can provide you with this. You can fill out a brokerage statement in dotloop. To complete it in dotloop, open up the loop for the transaction you are getting ready to close and add a folder for closing documents. Add a document from templates. From the list of templates, select Kale Realty Forms, then add the brokerage statement request to the Closing Docs folder. Fill out the request, save it, and submit the folder for review.
The admin will receive your request, draw up the statement, and add it to the Closing Docs folder, then update the review status of the loop to Approved to Close. You will receive a notification that the status has been changed, which will let you know that the brokerage statement is ready. You can now share it 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 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 can upload the settlement statement to the Closing Docs folder in dotloop, submit it for review, 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 to the Closing Docs folder from the Kale Realty Forms template, fill it out (the form will also provide instructions on how to deposit the check), and submit that for review along with the settlement statement. 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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