How the Agent Prepares

Both the listing agent and selling agent are integral parts of the closing process.

The Listing Agent

The listing agent is a representative of the seller and is the primary contact of the pre-closing specialist preparing the file for closing. The listing agent typically assists in the closing process by:

 

  • Completing a seller information sheet. This provides the pre-closer with the necessary information such as payoff information and homeowner's association information.
  • Working with the sellers, if needed by the lender or requested by the buyer, to have any surveys or inspections completed in a timely fashion.
  • Assist in scheduling a closing time that will work with all parties.
  • Make the pre-closer aware of any unique situations on behalf of the seller, such as a seller who can not attend the closing requiring a power of attorney or mail-away; a divorce, marriage or death related to the sellers or any other special situation to ensure a smooth closing.
  • Ensuring their clients have proper identification to bring to the closing, including US Government issued photo-id. Please confirm with your pre-closer for any additional requirements specific to each closing.
  • Confirming that the attorney's office has the complete copy of the contract with any related amendments or counteroffers prior to the closing with the originally signed documents brought to the closing.
  • Provide invoices for allowances or Home Warranty as appropriate.
  • Work with the attorney's office to provide a preliminary HUD-1 Statement, if needed, to review with the client prior to closing. This will allow the seller to review any monies being collected and understand what money will be either given to them or that they will be required to bring.

The Selling Agent

The selling agent is a representative of the buyer and is the primary contact for the mortgage broker who is working with the lender. The listing agent typically assists in the closing process by:

 

  • Work with the broker to provide the necessary documentation required by the lender to finalize the loan and prepare the closing package.
  • Assist in scheduling a closing time that will work with all parties.
  • Ensuring their clients have proper identification to bring to the closing, including US Government issued photo-id.  Please confirm with your pre-closer for any additional requirements specific to each closing.
  • Confirming that the attorney's office has the complete copy of the contract with any related amendments or counteroffers prior to the closing with the originally signed documents brought to the closing.
  • Provide invoices for allowances or Home Warranty as appropriate.
  • Work with the attorney's office to provide a preliminary HUD-1 Statement, if needed, to review with the client prior to closing. This will allow the seller to review any monies being collected and understand what money will be either given to them or that they will be required to bring. (Unlike the seller's side, we can not complete the preliminary HUD-1 until the lender package arrives.)  Your mortgage broker or loan office should be able to help with a good faith estimate.
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    • Terminix
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