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URL:https://www.learndesk.us/class/6277468010840064/lesson/9f8ea6171598e9ade5b0d603740f6148?ref=outlook-calendar
SUMMARY:Snapshot Review: Units Fourteen Unit 14 - Pre-Closing and Closing
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/6277468010840064/lesson/9f8ea6171598e9ade5b0d603740f6148?ref=outlook-calendar
DESCRIPTION: PRE-CLOSING LOGISTICS AND TASKS
Sales Associate responsibilities
&bull; Sales associate responsible for ensuring contingencies are cleared in a timely manner. &bull; also typically schedule the inspection and survey.
Broker responsibilities
&bull; broker responsible for ensuring the escrow deposit is handled legally.
Inspections
&bull; home inspector should be hired to inspect the property; usually one of the major contingencies to be fulfilled. &bull; Sales associate must make sure all repairs are completed before closing
Loan approval
&bull; contract states when the buyer must submit the loan application and the deadline for getting loan approval - the agent's responsibility to ensure these dates are met. If not met, the contract becomes voidable by the seller.
Other contingencies
&bull; survey, appraisal, and financing terms.
CLOSING ESSENTIALS
The settlement process
&bull; agents confirm all parties have fulfilled the terms of the contract &bull; principals exchange the...

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