Sign Connecticut Travel Agency Agreement Computer

Document type sign travel agency agreement connecticut computer

what's going on your honest is Dominic Epps to people's agent with king quality real estate to me and we are alive we're live right now going to conduct a training on how to write a purchase agreement basically how to write an offer check this out on your listing so this is when you are a dual agent you're representing both sides of the deal and you about to prepare the contract for the buyer side and you want to send it over to your seller the good thing about this contract here is that I've already communicated with the seller already presented the offer the seller countered the offer because when you are dual agent you have to remain neutral all right you cannot pick a size you can't do more for one side you just present the offer you present the counteroffer and let the to make the decision of whatever they're going to do okay so in this specific situation the buyer client made an offer for fifty thousand with four percent closing cost assistance the seller came back with a counter for fifty five thousand and then we'll cover all closing cost assistance and this is a two or three cases of rehab loans for this property I'm going to show you all how long this on the market is on the market for a while we've been reducing it reducing and reducing it and so a client accepted the offer and now I'm on the write the contract so I want to show you all pretty much what it is it's about to go down all right this is the house for 15 South Main Street in Suffolk this house has been on the market you all since July 2015 and when I first put it on the market and put on the market at 115 all right as you can see as I stated earlier the offer that was accepted was fifty five thousand fifty five thousand what a deal literally what a deal now the house does need work so my client the buyer client of mine is going to do what is called in 203k a rehab loan I want to show you all some pictures of the property so you can see what I believe is a great deal I believe it's a great deal now it's going to take you know almost the amount that he's purchasing them to put up into the house to rehab it to get it where it needs to be but at the end of the day he's still getting it for a great price for a real good price so all right so let's get to the good stuff the whole reason why we're doing it again and that is how to write a contract so I'm going to assume that you already know your user name your ID UNITA log into the range fusion MLS system and basically you go to resources that you clip click on zip form so I'm going to assume that you already know how to use zip phone all right dude I'm gonna open up this listing and want to copy the MLS number this is going to be so important the next thing I'm going to do is go into my Newton tab which once you go for resources click on smart links and then click on stuff for plus and I open up with a new tab so this is what you'll see you'll see a list of transactions I don't know there's so many of you have hundreds and hundreds of transactions on your page I like to make sure that I keep only my active my active client on this page because if you keep all clients those you know so transactions or those felt rules and withdrawals you just take a long time if you have to collide just put all of my actives up here and the first thing to do is you want to do a new transaction now one of the things that I teach my team members is this whenever you're doing new listing your brand of contract will list thing always use the home address for the list use the name of the buyer for a purchase agreement so in this case we represent both sides but I'm preparing the purchase agreement so I'm going to put in the name of by transaction times going to be purchased property type going to be residential now make sure you check out my other video as I show you all how to create a template the purpose of the template is because it eliminates you having to go weigh in and put all the forms together and so I have a template for you know loan officers that I use I have the information already in there I have the title information already included and all the forms that are necessary to complete this transaction I have those in my template so and let's see able to purchase then shoot so for this one I purchased this template Chris Hayes I'm going to hit save all right so all of my forms are already up simply because of the fact that I have already created a template to the right right is the library you click the down drop area and then for here we want to click on rain now whatever you're in the line system is that you use iPhones you use you know feel free to use whatever form you decide to use whatever your brokerage whatever you are using your area in Hampton Roads area we use to arrange forms really State Information Network alright so these are the forms to my left these are the list of forms that I have but there's one that I need to add and that is disclosure of dual agency or dual representation because I am to do an agent representing both the buyer and the seller we have to have this form filled out so let me click this arrow to move that over you all see the list of forms that we have the cover sheet it's the form that I always want to begin with and so once the cover sheet load up I go and do my pre field and I start my pre filled by my MLS connect so if you look up here you want to click on MLS connect which is going to import information about the specific listing from the MLS that's why I copied the MLS number which is your list number right here I highlighted it copy come back into zip form MLS listing ID right click hit pay so hit ctrl-v either water for listing tight you can put it on cross property all right because cross property would check all of these properties I click this to include the property photo I clicked fine why it's the property photo important because it because you know if it's the right listing it is the case it is there's the correct address and has the correct picture click import now this part is very important it says do you want to replace existing data it's important that with imported data if you reply know that I will be important to blend feels only oh I'm going to say no because I've already have information input it from my templates when the clip no otherwise you have to do it all over again alright the end all of us data has been imported successfully I said ok now you may be like where's the information scroll down the name of the seller in this position making from all right because I'm representing well let's go to the listing the listing information is from my template right you see that so now I just go ahead and put this in now I have the selling broker information which is me representing the buyers side so you can go back to your list thing and you can see this information right here cool right alright I don't know why this came up now I'm going to go up to the buyer and we'll include the buyers information which you just need the correct one of the name and email address you and go down to cellar put an email address for the seller all right it's pretty simple if you have multiple sellers say it was a married couple you have one for seller 1 and the other you have here and sell it to same thing for buyer you don't put both of them on the same line you don't need the phone number marital status you need any of that be honest property information this is important so for some reason for city you know townhome village I stayed always delete that all right parcel ID number don't really need that don't need the mortgage information if it was a homeowner's association you will include that there all right earnest money deposit that's important there is none for this specific age so you may answer the question what well here's the thing this money deposit can be whatever it whatever they agree if it's $500 my deposit thousand dollars $100 no there's my deposit all right the old purpose of the earnest money deposit is to shovel the seller that you're serious about bond home all right but it is not mandatory that's important settlement date settlement date is important this is a date that the closing will take place so in this situation we wanted to pick a date this in the first week in June with June the second all right now purchase price this cage 55 down the purchase agreement date is today's date I do expect to have this ratified tonight all right now who's gonna hold the edge from home by marketing all right actually and we do rolling title Oh Chris information is already here this is a FHA 203k all right also the information we don't need on click save now I'm gonna click right here to my forms in the next now we can go down the line if you want all right so let's go to a brokerage fee agreement as the next one this one just explains how much yeah hey hey pretty simple name with a seller name of the buyer name of the listing firms selling farm this is how much they're selling for our receives 2% now here the bottom this part is so important it is so important you if you are the listing agent you do not want to miss this part here so the total amount goes here which is 6% this part pretty much explains how much the other agents so see you listen agent and someone else is going to put in the hall from your listing the amount will be 3% here now if they put 5 percent 4 percent 10 percent in this box you don't get it chain changed this contract gets ratified and you were just so excited that you got the offer but you didn't get this number here changed you're not going to get paid you want to lose money no money basically I had that try to meet one time I had an agent who sent me over some of the thinking everything had like 5% in the box and I called it you know it's like hey you got to change that and they've you know made some excuse all I thought this was a you know I forgot that it's you know I don't know but anyway they change it whenever I have a listing I make sure that I upload this agreement into the listing all right so that's key what you get you know agent still can pull it up and try to do their own sanity all right the next one is the consumer disclosure info for buyer I'm not going to go over all these disclosures tonight but pretty much all of this you know will auto-populate for your client to make jewels and signatures on the last page so that I'll show you all just the easy way to prepare and to write a contract now we have the purchase agreement all right I will take a little time going down this one here so we have the information up here at top then you have your legal description and you know just a property the deposit shall be in the amount of their zeroed out there is no deposit all right the purchase price is fifty five thousand now this this part here is important because it is a 203k and for your string line the max amount for each string line is 35,000 so I put TBA or TVP you have to hit the spacebar if you want to tighten all right you know alphabets in this boss you have to hit the space button so I did so by space - OH FHA okay that's basically we have the down payment is 3.5% of one final loan amount all right now I could probably go ahead and ratify it because I'm gonna sign off on it anyway so just come in as a listing side change both over but just exact ratification D all right some in expenses so seller has agreed to pay all closing calls so we'll say 5% the 5.5% seller today final purchase of this is key what is the 5.5% going to be on purchase price or the now seller to pay all of buyers ozon calls and prepays that's what they are greedy to do and basically you know they just increase the purchase price and they put the clothes and calls on the top that's pretty much what they did to be honest with you this is long information the body doesn't stand to occupy this property is not served on an on-site septic system it is not settlement we have June 2nd it can't be extended for 10 days all right so for operations in his room I'm going to click a if new financing or cash they're all real property taxes insurance when it's enters an appropriate homeowners association and I'll kind of minion for you two dudes and other reserves and assessment shall be prorated episode maybe it is a hood FHA financing are this party is important this basically just says that the appraised value it must appraised at at least the purchase price all right um and so that that is key that is key this house and I believe it will appraise for one hundred thousand but that is key alright the stellar is not going to make any repairs this house it is being stalled as is right and the buyer the moisture inspection will be at buyers expense this is on city on public work just is not a separate system the walther inspection is basically says seller shall be responsible for providing all utilities so they just make sure they keep utilities on run all of the inspections this is not a convent it's not a part of a property owners association this is not a co-op but it's subject to Virginia real estate cold water that now by your may request I buyers expense to follow inspections he desired home inspection done but his house does die have exterior insulation and finished systems doesn't have stuck them this property was built before 1978 and the client wage there is estimate for club is pink now there are some appliances in a home now you cannot ask for personal property but the client does one the closedrier you hit electric range no wasn't knows closedrier was a dishwasher like a washing machine miss Ellen that has smoke detectors do one along with trash containers all right this part is so important because you're going to normally you will put you will place your check and number 2 where it says listing firm and it salesperson represent seller selling firm and it salesperson represent buyer but in this case praise God because I've been fortunate to represent both sides it is number five listing firm and a salesperson represent both buyer and seller all right check it out you all right let's keep it going and go back to my screen share all right now so we did five here okay and this part is important since buyer and seller have signed the disclosure of do of representation form attached that's important and we will we do have that attached here aircraft noise on accident potential zone disclosure and agency interest disclosure if I have a party with a family member right or you know any member of the farm or whatever the case may be then I would have to disclose that but that is not the case this comes off pretty much car goes now we have to include with a license number a license number of the contracts all right so I'm going to click Save that's the majority of what needs to be done is to purchase agreement now we go into these other forms don't worry about the Walter report it's the last thing but we do have what is called a pickup you have the pickup P I ca the property inspection contingency addendum then you have the pic rub the property inspection contingency removal addendum right Raja's basically states the time period at all inspections need to be conducted and the other one is just a time frame about the act has been conducted and you have the request for the repairs but this house is being sold as is so there is no repairs so this just goes in ten days to be able to conduct the home inspection now we have the disclosure of dual agency so here it says property address the undersigned do hereby acknowledge disclosure that the licensee that's with the a tangos broker or salesperson associated with that's where the name of the farmer represents more than one party in this residential real estate transaction that has to follow the licensee represents the seller as the standard agent the licensee who represents two buyer as a standard agent now here's the thing what if somebody else in our office and our firm put a had a client and put an offer in on this document still has to accompany it because it is the firm it is the firm that is represented so you have the door agency alright so what I'm doing doing representation but we also have what is called dual agency save that and then it's pretty much it the next thing you go to the east side you want to click on sign multiple forms east Stei side multiple forms you want to name it then you click all the document that is going to be sign actually let me do it this way in the warning and then you send them on over and that's pretty much all that we have that easy get the job done I'll get it ratified bone I'm Dominic Epps