Easily Replace Payment Field into the Home Seller Form

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How to Replace Payment Field into the Home Seller Form

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okay friends uh welcome and today were going to be talking about the most confusing form that Ive gotten the most questions about in the last few weeks so were just going to settle this once and for all this is about form s p BBB uh that stands for seller payment to buyers broker heres heres what I want to say right from the beginning this is an auto required form you dont have to use it I would not use it so if you came here for that you can stop this video and just know that uh we do not expect you to use it nor should you use it um so uh maybe stay and watch the rest of this to find out what its actually for and what its used for and what its supposed to be used for versus what everyone thinks its going to be used for so starting off um I got the RPA section right here at the top and you can see that theres a box that says seller agrees to pay the obligation of buyer to compensate the buyers broker a lot of agents are just going through their offers and theyre just che

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the seller CD?

The purpose of the Sellers Closing Disclosure is to show the purchase price and itemize expenses. The Sellers Closing Disclosure shows the purchase price and then a line item breakdown of every cost paid by the seller in two columns of whether it was paid before or at closing. Interactive Sellers Closing Disclosure.

Who prepares and delivers the transfer disclosure statement?

The seller and any broker(s)/agent(s) involved are to participate in the disclosures. If more than one broker/agent is involved, the broker/agent obtaining the offer is to deliver the disclosures to the prospective buyer unless the seller instructs otherwise.

Which disclosure form is provided to sellers first?

When you make an offer on a home, one of the first pieces of paperwork youll get is a sellers property disclosure. Also known as a property disclosure statement, home disclosure and real estate disclosure form, this document contains a list of known problems with the home.

What does the Civil Code 2079 not require in California?

California Civil Code 2079 only establishes the selling brokers duty to inspect and disclose- the code does not apply to buyers broker.

What are most seller property disclosures required for?

The answer is only residential properties. Most seller property disclosures are required for only residential properties.

Is a required in California?

If the buyer and seller execute a California Instructions (the C.A.R. official version of a purchase and sale agreement), the seller is contractually obligated to complete a (SPQ) in addition to the TDS.

What are the two main categories of disclosure in real estate?

Most Common Disclosures in Real Estate Natural Hazards Disclosure. First on the list is the natural hazards disclosure. Market Conditions Advisory (MCA) Market Conditions Advisory, also known as MCA, covers items more financial in nature. State Transfer Disclosure. Local Transfer Disclosure. Megans Law Disclosures.

What is the Michigan disclosure form?

A Michigan property disclosure statement is a form through which sellers must report the condition of their residential real estate to potential buyers. The items specified may include pending legal cases, unpaid fees, property defects, or damage from flooding or fires.

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