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URL:https://www.learndesk.us/class/4746122453057536/lesson/78d888ed316335c960b0714daa148557?ref=outlook-calendar
SUMMARY:Real Estate-Related Computations and Closing of Transactions
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/4746122453057536/lesson/78d888ed316335c960b0714daa148557?ref=outlook-calendar
DESCRIPTION: BASIC REAL ESTATE COMPUTATIONS
Sales commissions
● negotiated between agent and client; specified in the contract; split between brokers and co-brokers and between brokers and associates
Calculating gain on sale
● original price + costs/improvements = total cost; sale price – sale costs = amount realized; amount realized – total cost = gain on sale
PRELIMINARY STEPS TO CLOSING
Contracting and escrow
● fully executed purchase contract: contains terms and conditions of the transaction; sets duties of each party; enforceable only when fully executed ● earnest money and other funds: good faith deposit from the buyer; broker to deposit into a broker, title company, or attorney’s escrow account within 3 business days of receipt; funds remain in the account until closing; additional funds to be deposited and tracked
The pre-closing period
● loan application and approval: buyer to apply for a loan to finance the purchase; may get pre-approved; should lock in interest rate...

https://www.learndesk.us/class/4746122453057536/lesson/78d888ed316335c960b0714daa148557?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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