For many small boutique brokerages, the broker may know what’s needed for files, but has never created a list for others to follow. Here’s a super easy method of building out a Doc Sheet for Single Family, Townhouse or Condominium resale transaction
Start by separating out minimum must-have items needed to write an offer and a listing agreement. This includes any in-house required documents that should be signed at this time.
Next, move onto the “wildcard” documents that are needed for transactions such as probate, short sale, REO, representative capacity signature disclosure and trust advisories.
Now, we’re ready for disclosures. This should be separated out for listing side and buyer side and should include the minimum needed plus any in-house required documents.
Finally, create a list of “wildcard” disclosures that are not included above such as City or County advisories, 1031 Exchange, Parking and Storage, Tenant Estoppal, HOA docs etc.
And that’s how you build out a requirement list!
At EscrowCoord.com we help set up docs sheets for brokers AND work on transaction files for your office. Contact Diana today to find out how we can save you time and effort!