Can I eSign Michigan Deed of Indemnity Template

Can i document type e sign deed of indemnity template michigan

hi everyone this is Tina we are talking today about sellers forms and I'm gonna do this webinar a little different than I did the buyers webinar in that I'm gonna start from will come and take you through the wizard this is how I like to do things there are of course other ways to do them but this is how I like to do them so we've gone into public records we're gonna start a transaction and wait for it to show up okay there we go we're gonna name this I like to name these by the street first bend the address and then say what it is that way it's always an alphabetical order for me we're gonna do a template and we're gonna do a listing pic and the reason we're going to do that is all of our forms our office forms and the forms the required forms are in here for you when you do the template it also lets me add as the listing agent in this case I signed in under Paul so Paul will be the listing agent and I'm gonna use the wizard now I am NOT gonna and then we're going to create I'm not gonna fill out everything in the wizard because I want to show you everything from the forms so most of this we're just gonna click through to next but as you can see it'll give you the information so we're gonna go next we're not going to fill any of this out right now this fills out your seller's information and you as the listing agent if you want to add somebody you can you would just add them there we're going to next now this has the forms and I'll tell you where which where the forms are this way happens to be a GM art form exclusive right to sell contract and this is the letter size that way it's legible if you do the legal size it's not really legible when you print it so exclusive right to sell or er TS listing form this is from real comp and this is a good for to take with you in half or on the computer one of the reasons is it'll help you remember everything you need for this listing that you need to know room sizes that you need to know what type of heating the rack there is things like that then our disclosure regarding real estate agency relationships I don't want to make this too long so we may go through it we may you know we may just kind of glance over it so that I'm not I don't have you sleeping our Michigan lead-based paint sellers disclosure form letter size and then our Michigan sellers disclosure statement so let's we've got all the forms when we hit the next button it will show our Red Door Realty internal forms so you've got your homeowners association if you want a home warranty it slits in there actually I think that's the old one we may need to change that it's got a mortgage payoff authorization you probably want to get one from whatever title company you're using and but there is one there for you if you want it our lockbox open house sign release our hold harmless showing instructions we're not going to go through all of these but they all will be in here we'll go through some of them later okay stop Facebook done we are done the first thing we're going to do is go to which form guess we're going to start with our exclusive right to sell form exclusive right to sell contract letter size okay most of this I'm gonna go over the highlights you read it so you understand all of the terms this has prefilled this out because I went through the wizard so all of the brokerage information is there you know the owner's name probably the address is going to be the same as the house maybe not but you know fill all that out I'm not going to go through all that a phone number for them and this is the first thing is consideration in term of contract so this is the day that the agreement is entered into not necessarily when it is listed from so today is the 24th we're gonna click that date and we're gonna say we're gonna sell it the 24th and I like to have my listings go for six months as a minimum generally that should give you plenty of time in this market especially to sell the property as long as it's priced correctly so that means we'll go January 24th 2019 then we've got our property description in this case this is a residential property but as you can see there's kind of many a multifamily etc it is located in the city of burned L County of Oakland etc etc now as you can see here our legal description is partly cut off here's how to remedy that just click there we're gonna highlight all of this stuff that you can't see cut it or here and paste it there when we've got all of our legal description in there this part is where it's telling the seller that everything that's attached to the property stays with the property let them know you know they can't take it if it's attached they want to take it take it down before they list it and then anything that is not attached but they're still gonna sell with the house that's where that's what goes so say we're going to put we're gonna sell it with the stove fridge and the microwave now I'm not going to everything that is possible but we'll have those three things anything else of course you would in summer excludes the following items if there's something that your seller wants to take that is attached that's where this goes in our case if we ever sold our house I would take the lilac bush in the backyard because it came from my grandmother's house and there's no way I'm leaving it Paul has already dug that Bush up twice and okay you need to do it again so that's coming with me next price what is the price you're gonna list this house for we'll say we're gonna list this house for $100,000 that's all you need to do when you tab it will formulate it like that now possession how long is your seller is your seller giving possession that close are they waiting you know do they need two weeks possession or whatever it is in this case we're gonna say they're giving possession at close but then this part is the part that they would be paying to rent the house after it sells of course I don't put a dollar amount in here I wait and I put 130th piti principal interest taxes and insurance and let your seller know that they will be paying the new buyers mortgage amount not any previous some mortgage that they might have had okay commission I don't do an amount again because say the sale price changes your Commission amount would change I do a percentage that way you're always covered now this is for both a listing agent and buyer's agent and you also have to remember that in Michigan commissions are negotiated there is no required commission or set commission so in this case we're going to say we've negotiated a 6% total Commission price this also says that if for some reason you had a ready willing and able buyer and you're solid didn't sell you can still get commission we'll talk about that another time or if it's listed and for some reason you don't go through the entire listing process if you brought somebody that was gonna buy that house we're gonna say here's what I do I put 180 days 180 days from when that listing in anybody that I'm the procuring cause of and you base you don't know what that is I still get a commission 180 days past the listing the termination and that's for various reasons which tell you another time I won't go into right now you can put whatever number of days you want I always 180 now default if the sale doesn't go through because the seller just refuses to perform then they owe the full commission if it sailed us and go through because of the buyers refusal to perform and the seller gets the earnest money deposit part of that can be yours whatever you put in here now frankly I put zero in mine because I still want to work with this seller they're gonna probably be very frustrated and it's not enough money to lose the sale over usually sometimes but so that's what I put let's see we're not going to go through all these because we chose the default option now this is saying that the seller is authorizing us to put this in the MLS Multiple Listing Service and this is the amount we're gonna pay to a cooperating broker in this case we're gonna split it with them it'll be the 3% which is why you want to have six on top so you actually get a commission agency this is saying that you have given them agency disclosure and they know that you're working on their behalf as a sellers agent okay that this just says it's marketable title good title we will that they will allow showings and signs we have another sign form that they'll sign that were authorized to advertise the property that were held harmless but we also have another hold harmless form just in case lockbox they're saying yes we can put a lockbox on the property always let them know to put their valuables away because people will be walking through their property route let's see market this is letting them know that once we have a purchase agreement an accepted purchase agreement we're not marketing this house for sale anymore we're taking it off the market market in this pending referral this is letting your seller know that if somebody hate knocks on their door and says hey I see you're selling your house the sellers already agreed to say yes I am call my real estate agent they're negotiating the sale for me citizenship yes they are heirs that it's contract is binding no discrimination and this is saying that the seller is agreeing to provide you with all information required by life they know that there's a problem with this house they're required to tell you about it that they have marketable title so they can sell it that it's a binding contract this is letting them know that the photos that were taking them a loss basically what it is MLS has already use them anything else sometimes it will be something especially in this market maybe it's they have there they're not selling unless they get another house under contract and they want that in the in the listing agreement fine put it in there and then here's where you would sign and date the seller would sign in date and then if there's a second seller of course they would sign and date there as well okay we're all done with our exclusive right to sell or er TS we're going to save oops we put a save saving our information we're gonna exit this form and we're gonna go to our next farm okay our second form is gonna be our sellers disclosure statement now Sonia's disclosure statement must be filled out by the seller you're not allowed to fill this out for them the only exception would be if there is a person with a disability you're large so you are allowed to help them with the form but you'd have to put what they say and as with any seller you have to let them know that if you go down in the basement and there's water in the basement and they say no I don't have any problems with water in the basement you're required as a real estate agent to disclose that you have to let them know that okay here's how I explain these these categories this is that the items are in working order or not or not available so in this case we're saying the stove is stained yes means it is stained and it works no means it is stained but it does not work unknown you don't know if it works not available of course is you're taking it with you or it's just not there so in this case we're gonna say our range yes it is stained and it works dishwasher no we're saying we don't have a dishwasher refrigerator we told them yes we were relieved in the refrigerator the hood fan I'd never used my hood fan I'm going to say I don't I don't know if my bed fan works and the disposal we're saying about disposal doesn't work it's staying in the house I'm not disconnecting it but it does not work so yes it is stained and it works no it is stained does not work unknown I have no idea if it works not of it's not here I don't have a I don't have a roof antenna and of course go through all of these other ones we won't go through them line by line but go through all of them with your seller any explanations here or like it says another sheet if necessary usually at Astana I've never had one more it was necessary alright then they have to go through and answer these questions basement crawlspace has there been evidence of water well if you know they had this else in the in the great flood of I think was 2014 Jenna get water yes it did so they would put yes it had water and you can explain that you can say flood of oops it so act 2014 and what was the remedy I had it personally cleaned and no problem since you know what whatever the whatever it is they tell you that's what goes there insulation I'm not sure what my insulation is roof no don't have any roof leaks or if they do or did put them there etc etc now the other thing to remember is the bottom of page one have your seller initial that okay page 2 of our sellers disclosure statement okay and that's more questions finish filling these out the heating system the plumbing system electrical system it's a history of infestation you know do you or don't you have it some of these they may not know mineral rights do you own the mineral rights I'm not sure say unknown etc etc going through all of these okay the next one is the seller has lived in the property from say I've lived in this from we're not gonna we're gonna do a close one because I don't feel like one back to firm February 14th about it Valentine's Day and were selling it it can be to present what do you or never lived in home you know if they haven't ever lived in the home maybe it was a rental prior owned it since 1998 I don't know why they're here but that's that's when they out of it okay and then this is where your seller would sign and date and then of course these get uploaded to the MLS so when you get a buyer that's where they would sign a date okay we are going to save this one we are going to exit this and we're gonna go to the next form our next form is gonna be our lead based paint form past it there we go led based paint sellers Michigan and letter form again and what you tell people with lead-based paint is every house before that you know with your buyers and your sellers frankly every house built before 78 has let in it because blood based paint because they put letting the paint but your seller needs to fill out do they know of any lead-based paint hazards in the house or do they not know generally they don't know do they have a report or don't they and then have them sign this is where you would as the agent initial date and sign saying that you know you've get told them of their responsibilities to your best of your knowledge everything they told you is true and then we would save this one but I'm just save we would go to exit and we're all done with that one okay and Paulette will give you the exclusive right no nothing was a right to sell if I stop talking and think then I'll know what I'm saying is gonna give you the listing checklist and we will look at this real quick in your email and the other forms okay let's do a checklist this tells you everything with an asterisk is a required form your deal worksheet your exclusive right to sell disclosure of agency relationships oh you know what we're going to go over that real quick sellers property disclosure lead-based paint your open house your showing instructions listing datasheet if the office is putting it in it is required for the office if you're doing it yourself it is not a required form which it says on the bottom there the hold harmless and then any other forms that you have we're going to close this one and we're just going to go back to my wizard okay we are going to go over Michigan disclosure regarding real estate agency relationships and of course here all of your duties as a real estate agent your specific duties for a seller's agent buyer's agent we're not we're skipping dual agent and we are saying you are acting as the sellers agent in this office were designated agents so the only agents that have the responsibility to the seller as the broker are you and the broker the other agents do not and this is where you would sign and date and we are going to say that the seller does not have an agency relationship with another real estate agent they are the seller and their name and then you would have them sign and decide okay that's it for this one we're gonna save that I don't know why but we're going to save it we are going to exit and we're gonn say thank you I appreciate you being here with me and we will talk later bye