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Questions and Answers
What is the meaning of the orange color code in the document glossary?
What is the meaning of the orange color code in the document glossary?
- A required document
- A document that is sometimes required, depending on the transaction (correct)
- A document that is only shared with the seller
- A document that is not signed by the seller
Who signs the Seller’s Net Sheet (NS) document?
Who signs the Seller’s Net Sheet (NS) document?
- Only the listing agent
- Only the seller (correct)
- Neither the seller nor the listing agent
- Both the seller and the listing agent
What is the typical expiration date for the listing contract?
What is the typical expiration date for the listing contract?
- 2 years
- 3 months
- 1 year
- 6 months (correct)
Who signs the POA disclaimer for SPD?
Who signs the POA disclaimer for SPD?
What is required for all residential properties?
What is required for all residential properties?
What happens after submitting the SPD document to KW?
What happens after submitting the SPD document to KW?
What happens to the Property Description Sheet after it's completed?
What happens to the Property Description Sheet after it's completed?
Who signs the LPD document?
Who signs the LPD document?
When is the Change to XLS document required?
When is the Change to XLS document required?
What happens to the Offer / AOS documents after they're completed?
What happens to the Offer / AOS documents after they're completed?
What is the purpose of the compliance check?
What is the purpose of the compliance check?
When can the SPD be blank?
When can the SPD be blank?
What is the purpose of the AOS document?
What is the purpose of the AOS document?
When is the MC date important to check?
When is the MC date important to check?
Who signs the SPD?
Who signs the SPD?
What is the purpose of the LPD?
What is the purpose of the LPD?
What happens to the executed AOS?
What happens to the executed AOS?
What is the purpose of the updated SNS?
What is the purpose of the updated SNS?
What happens to the-signed ALTA?
What happens to the-signed ALTA?
Who completes the Utility Info Sheet?
Who completes the Utility Info Sheet?
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