Here's a list of documents agents need when working with a buyer to write an offer
1. Contract 7.0
Agent and buyer review the key terms, including purchase price, contingencies, financing, and deadlines.
Buyer signs the contract, which is then submitted to the seller for review and counter-signature.
There cannot be blanks above line 370 (use NA where necessary)
Page 13 must be COMPLETELY filled out
Include in the attachment section Contract 7.0 Addendum (if applicable)
2. Contract 7.0 Addendum
Agent and buyer review the addendum to request seller to offset buyers responsibility to pay buyer agent compensation
Buyer signs the addendum, which is attached to the main contract and submitted with the offer.
3. Real Property Disclosure
Agent obtains the seller’s real property disclosure and reviews it with the buyer to ensure the buyer is aware of any known property issues.
Buyer signs the disclosure to acknowledge receipt and understanding.
4. Lead and Radon Disclosures (If Applicable)
Agent obtains lead-based paint and/or radon disclosures from the seller (if applicable).
Buyer signs the lead and/or radon disclosure to confirm understanding of potential hazards.
5. Disclosure of Personal Interest
Purpose: Ensures transparency if the agent has a personal interest in the transaction (e.g., purchasing for themselves, family, close friends, or repeat clients).
Agent completes the personal interest disclosure, stating the relationship with the buyer.
Buyer signs the document to acknowledge the agent’s personal involvement or interest
After Document Completion
Submission: Once all documents are signed and complete, the agent submits the offer (with the Contract 7.0 and any addendums) to the seller’s agent
Follow-Up: After submission, the agent follows up with the listing agent for acceptance, counteroffers, or rejection.
Document Storage: All signed documents should be stored securely in the SkySlope checklists
Buyer agent emails contract, addendum and disclosures to sellers agent, mortgage broker and attorneys
Commentaires