| Escrow Checklist for Real Estate Agents |
| Provide a copy of the fully executed contract including legal description and tax parcel number. Make certain to provide all addendums as soon as possible.
* Provide complete broker Information including address and licensing information. * Contact information for Buyers and Sellers. * Address of the Property. * Purchase Price (always communicate any changes in the sales price). * Loan amount (always communicate any changes in the loan amount). * Close of Escrow (always communicate any changes in the close of escrow date). * Confirm buyer’s names and marital status and/or entity that is taking title – How will the buyer take title to the property? * Confirm that the buyer and seller have proper ID and the names on the contract match the names on the ID. * Commission Disbursement form from the Listing and Selling Brokers. * Who is paying for the Home Warranty? Submit a copy of the Invoice. * Are there any Seller Credits (closing costs/repairs)? * Will there be a Rent Back? Provide terms of the rent back to escrow. Also provide other terms depending on the location, sewer, forms required by the city/county, repairs, inspections, etc. * Is there a HOA? If so, who will provide document and transfer fees? Please provide contact information. * Is the property a condo? If so, please provide a copy of the resale certificate to escrow. * Will the buyer/seller be out of town at closing?
In order to avoid delays, it is important that the information is accurate on your open order sheet and we receive your information as early in the escrow process as possible. If the terms of the escrow change, please notify your Escrow Officer immediately. |