Do NOT use old home inspections, radon reports, mold inspections, surveys, appraisals, blueprints, MLS info for your information.
Disclose by putting everything in writing. If someone wont sign... write refused to sign on disclosure. Make sure everyone involved in transaction receives a copy.
Make sure to include ALL changes in writing and include all changes in addendums, signed and or initialed.
Remember that time is of the essence, when something expires it's expired.
The earnest deposit must be depsited within 72 hours into the proper trust account.
You are the agent and nothing more. Do not give any advice that you are not qualified to give! Make sure that your clients call for any work that needs to be done themselves. Do not attempt to do any work on the home and do not shovel or mow the yard.
Have clients sign the agency disclosure pamphlet on first initial contact with client. No exception.
Reduce the risk of identity theft. Make sure all files are locked up and efiles are secure.
Keep a record or log of every phone call with client, and make sure to include what the conversationwas about.
Keep all files and records secure, for five years then destroy.
Verify that buyer has applied for a loan within the loan application period. Remember that the buyer and loan officer can't change the financing in the purchase agreement without written permission from the seller.
Provide SIGNED copies of all documents to all that have signed them, immediately. Make sure to date and keep a copy for your files.
Provide a complete copy to the proper title and escrow company.
Only use reputable and known service providers. ( lenders, title and escrow, appraisers, inspectors,etc...)
Have clients sign a controlled business relationship if it applies.
Always state in writing the status of agents holding your listings open to your seller. You can use the form Designated Limited Agent Addendum to disclose.
Always maintain accurate information. Proof everything, meet deadlines. Advertise as soon as possible to avoid risks of not getting ads placed in time.
Always advise for legal counsel. Never against it.
When listing a property, use your own measurements, not someone else's.
Be sure to add the word estimate on all buyer's and seller's closing cost sheets.
Get permission to place directional signs from neighbors where you plan on putting those signs.
Use a home buyers property evaluation checklist.
NEVER fill out any or all of a seller's property condition disclosure statement.
Do not quote a price lower than the asking price of a home without the written permmission of the seller.
If your a dual agent you can only discuss the property. Nothing personal about the people involved.
Do not let anyone use your ekey without you being present.
Use a bill of sale for personal property to avoid appraisal problems.
Do not disclose what the seller is to pay the broker in commision.
Make sure you have business liability on your auto insurance.
Ask and check the title binder for any liens, encroachments, easements, judgements,etc...
When you have two offers on the same listing, never counter them at the same time.
List both sellers as well as buyers. that helps to guarantee your commission.
Never advise unlisted buyers and sellers.
Ask for ID when notorizing, make sure you see them sign, or don't notorize.
Try to attend all closings.
If a bonus is offered to agent selling a home, you must disclose this in writing BEFORE you show the home.
Attend office meetings.
Follow the policy and procedures for your company.
Follow all rules of the real estate commision license laws and rules and regulations, county, state, federal and national agencies, HUD, fair housing etc...
Know and practice all codes of ethics.
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