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URL:https://www.learndesk.us/class/4746122453057536/lesson/53b2e64cd3183fa6c9397baa50001b30?ref=outlook-calendar
SUMMARY:Preliminary Steps to Closing
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/4746122453057536/lesson/53b2e64cd3183fa6c9397baa50001b30?ref=outlook-calendar
DESCRIPTION: 
Contracting and escrow
The pre-closing period
Final preparations

Contracting and escrow
Fully executed purchase contract. Whether the contract is a standard form, such as the FAR/BAR “As Is” contract, or a custom agreement, it contains the terms and conditions governing the transaction. It sets forth the duties and obligations of each party, such as giving the buyer a certain timeframe to inspect the property. The contract should be reviewed and renegotiated until both parties are satisfied enough to sign it. The contract is enforceable only when it is fully executed.
Earnest money and other funds. After the execution of the contract (typically within three days), the buyer provides earnest money to the licensee as a good faith deposit. The licensee must turn the money over to his or her broker by the end of the next business day after receiving it. The broker must then deposit the earnest money into an escrow account within 3 business days from the date the licensee...

https://www.learndesk.us/class/4746122453057536/lesson/53b2e64cd3183fa6c9397baa50001b30?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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