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Rainmaker
2,993,450
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

I believe we all will do/be better when we accentuate the positive aspects of real estate (and life). In the meantime - study hard, take lots of practice tests and good luck on your state licensing exam.

Jun 13, 2018 09:08 AM
Rainmaker
516,816
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Answers in the Blueman manual

Jun 13, 2018 09:18 AM
Ambassador
3,631,565
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

What was the mistake, and who made it?

 

Jun 13, 2018 12:12 PM
Rainmaker
67,950
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Depends on the mistake and if  it is corrected or not.

Jun 13, 2018 12:09 PM
Rainmaker
2,619,519
Richard Weeks
Dallas, TX
REALTOR®, Broker

It would depend on the mistake and who was at fault.

Jun 13, 2018 09:15 AM
Rainmaker
81,043
Denise Copeland
Mirsky Realty Group - Palm Beach Gardens, FL
Jupiter Abacoa Sales & Beach Front Luxury Homes

We recently had a past water bill that didn't show on the liens. Lots of drama for the buyer who had to come out of pocket to turn on the utility. But in the end the seller made it right.

Jun 13, 2018 09:10 AM
Rainmaker
1,121,851
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I have no idea, I assume the lender would have some fixing to do and there would be a delay in closing the escrow.

Jun 13, 2018 08:58 AM
Ambassador
2,801,119
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

It all depends upon the mistake.

The best approack is avoiding mistakes altogether on the CD!

Jun 13, 2018 09:46 PM
Rainmaker
572,186
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Mistake in regard to what? Could be significant or could be no big deal.

In any event, the company preparing the closing statement has to stand behind their product.

Jun 13, 2018 09:39 PM
Rainmaker
857,359
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

What mistake was made and who made the mistake and in what state did the mistake occur?

Jun 13, 2018 06:04 PM
Rainmaker
41,591
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans Jumbo/Conventional/FHA/VA

I would say that any mistake that cause the buyer or seller to pay too much or too little could be corrected. The lender is the one who could get hurt.

Jun 13, 2018 04:24 PM
Rainmaker
332,890
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

The allocation of funds would not go to the appropriate party or be credited correctly. Or the brokerage may not be paid the appropriate commission. 

Jun 13, 2018 04:12 PM
Rainmaker
2,494,705
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Many good responses!

Jun 13, 2018 02:26 PM
Rainmaker
1,408,415
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It happens. That's why it is so important to check every line, ask questions, and make necessary corrections before signing any documents, especially the closing statement.

Jun 13, 2018 12:13 PM
Rainmaker
501,775
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

The buyers and sellers settlement statements get sent to the agents to check over to see if there are any errors. I don't go through the final documents that need to be notarized by the principals. I do make sure all the "disclosures" are signed by everyone as required that the real estate commission demands of us, the real estate agent/broker. If the principals have been less than forthcoming and I don't know about it, that can come back to bite the buyer or seller after closing. If discovered BEFORE closing, it should be corrected immediately and all parties to the transaction notified in writing. Is this what you were asking?

Jun 13, 2018 11:27 AM
Ambassador
1,088,912
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Buyers and sellers are normally notified by the escrow closing agent of any corrections that need to be made to the closing documents. Consequences depends on what mistake was made. 

Jun 13, 2018 11:12 AM
Ambassador
2,218,961
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 See an Attorney.

Jun 13, 2018 10:45 AM
Rainmaker
1,084,610
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Are you asking about a Disclosure of some kind or actual Closing Documents?  They are very different.

Either way, it could be from insignificant to serious... depending on the error. 

Jun 13, 2018 10:26 AM
Rainmaker
2,661,625
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

That would depend on the mistake. 

Jun 13, 2018 10:13 AM
Ambassador
1,474,457
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

A new closing discosure.

Jun 13, 2018 09:45 AM
Rainmaker
4,853,890
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

It would be time for a correction.

Jun 13, 2018 09:42 AM
Ambassador
4,217,687
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Who made this mistake?

Jun 13, 2018 10:18 PM
Rainmaker
898,457
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

They become Avitars...

Jun 13, 2018 08:09 PM
Rainmaker
3,773,082
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Wide open question...need more info

Jun 13, 2018 06:56 PM
Rainmaker
4,224,122
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends.

Jun 13, 2018 03:52 PM
Rainmaker
3,953,088
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I heartily agree with Michael Jacobs .  I have worked with many professions, they don't spend time pointing out negatives.  A

Jun 13, 2018 12:25 PM
Ambassador
3,719,392
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Depends on the issue I would think.

Jun 13, 2018 11:48 AM
Rainmaker
4,509,993
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

in MA, the attorneys would have some explaining to do..... they receive the documents and they fill in the figures for closing.... 

Jun 13, 2018 11:31 AM
Rainmaker
686,432
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

From no consequence to "Here come da Judge."

It is never a good idea to place a seller in a situation they must PROVE what they do not know. That is IMPOSSIBLE to prove. 

 

 

 

 

Jun 13, 2018 10:57 AM
Rainmaker
2,625,090
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Depends on the nature of the error.

Jun 13, 2018 09:31 AM
Rainmaker
3,740,063
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Would think the lender needs to correct it.

Jun 17, 2018 03:43 PM
Rainmaker
2,853,187
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Who made the mistake? That is step one!

Jun 14, 2018 06:08 AM
Rainmaker
2,989,495
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Dave Halpern nailed this one!

Jun 14, 2018 05:53 AM
Rainmaker
4,527,996
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Depends on the mistake.

Jun 14, 2018 05:29 AM