We are hosting a 3-hour FREC course covering what every Real Estate Agent should know about closings.
- Understanding the new loan estimate and closing disclosure forms
- How the closing agent prepares for closing in accordance with the contract provisions, title commitment requirements and lender’s closing instructions
- Preparing the sellers and buyers for the day of closing, including: proper identification, funds to close, who must attend the closing and the lender-required documents that must be brought to closing
- A review of the documents required to be signed by the sellers and buyers at the time of closing such as deeds, notes, mortgages and affidavits
- The Foreign Investment in Real Property Act (FIRPTA) and how it may apply to real estate transactions
- Why a buyer should obtain an Owner’s Policy of Title Insurance and an overview of the coverage provided
- Common title and closing issues that may delay or prevent a transaction from closing
