20 Questions
What is the meaning of the orange color code in the document glossary?
A document that is sometimes required, depending on the transaction
Who signs the Seller’s Net Sheet (NS) document?
Only the seller
What is the typical expiration date for the listing contract?
6 months
Who signs the POA disclaimer for SPD?
Either the seller or the person with POA
What is required for all residential properties?
A completed SPD document
What happens after submitting the SPD document to KW?
The document is reviewed for corrections needed
What happens to the Property Description Sheet after it's completed?
It's uploaded to Command for our records only
Who signs the LPD document?
The seller and the listing agent
When is the Change to XLS document required?
Only when changes are made to the contract after it’s been signed
What happens to the Offer / AOS documents after they're completed?
They're uploaded to Command and sent to appropriate parties
What is the purpose of the compliance check?
All of the above
When can the SPD be blank?
When it's an estate sale or POA
What is the purpose of the AOS document?
To outline the terms of the sale and any contingencies
When is the MC date important to check?
During the UC processing
Who signs the SPD?
Buyer and seller
What is the purpose of the LPD?
To disclose lead-based paint in homes built before 1978
What happens to the executed AOS?
It is uploaded to Command and sent to applicable parties
What is the purpose of the updated SNS?
To reflect changes in the sale terms
What happens to the-signed ALTA?
It is uploaded to Command and added to the closed form
Who completes the Utility Info Sheet?
Seller
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