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URL:https://www.learndesk.us/class/6697955492888576/lesson/0b61af30c0b9dfaa7f875def6163d4ef?ref=outlook-calendar
SUMMARY:Pre-closing Activities
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6697955492888576/lesson/0b61af30c0b9dfaa7f875def6163d4ef?ref=outlook-calendar
DESCRIPTION: PRE-CLOSING ACTIVITIES
Between the execution of the sale contract and the closing of the transaction, the property is "under contract" or "contract pending." During this period, buyers and sellers have certain things to do to achieve a successful closing. The buyer often needs to arrange to finance and dispose of other property; the seller may need to clear up title encumbrances and make certain property repairs. The sale contractshould specify all such required tasks. The time period between contracting and closing is referred to as the contingency period or pre-closing period.
Agent's responsibilities. As dictated by custom and the circumstances of a transaction, an agent has a range of duties and responsibilities during the preclosing period. An agent's foremost duty following acceptance of an offer is to submit the contract and the earnest money to the sponsoring broker without delay.
Other possible responsibilities are:
• assisting the buyer in obtaining financing•...

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