Podcast
Questions and Answers
What document is typically used to disclose the buyer's costs during property acquisition?
What document is typically used to disclose the buyer's costs during property acquisition?
- Preliminary Title Report
- Escrow Instructions
- Good Faith Estimate of Buyer’s Costs (correct)
- Buyer's Receipt of Hazards Booklet(s)
Which document provides details about the seller's expected net proceeds from the sale?
Which document provides details about the seller's expected net proceeds from the sale?
- Conflict of Interest Disclosure Statement
- HOA Documents
- Good Faith Estimate of Seller’s Net Proceeds (correct)
- Roofing Inspection Report
What is the purpose of the Affiliated Business Arrangement Disclosure Statement?
What is the purpose of the Affiliated Business Arrangement Disclosure Statement?
- To inform the buyer of affiliated services (correct)
- To provide an estimate of repairs needed
- To summarize escrow instructions
- To disclose potential conflicts of interest
Which document specifically relates to the inspection of the roofing condition of a property?
Which document specifically relates to the inspection of the roofing condition of a property?
What document outlines the instructions for both the buyer and seller during the escrow process?
What document outlines the instructions for both the buyer and seller during the escrow process?
What is included in the memo for transaction coordination?
What is included in the memo for transaction coordination?
Who is responsible for preparing the transmittal and request memo?
Who is responsible for preparing the transmittal and request memo?
Which of the following documents is specifically mentioned in the memo?
Which of the following documents is specifically mentioned in the memo?
What must the recipients do with the documents checked in the memo?
What must the recipients do with the documents checked in the memo?
What is the purpose of providing both 'Your File name/number' and 'My File name/number'?
What is the purpose of providing both 'Your File name/number' and 'My File name/number'?
What type of collaboration is implied in the memo regarding the 'Agency Law Disclosure'?
What type of collaboration is implied in the memo regarding the 'Agency Law Disclosure'?
Which document is related to the potential presence of lead-based paint in a residential property?
Which document is related to the potential presence of lead-based paint in a residential property?
What type of report would be provided to assess potential earthquake hazards?
What type of report would be provided to assess potential earthquake hazards?
Which document includes details about property operating expenses?
Which document includes details about property operating expenses?
Which form must be filled out to disclose potential structural pests?
Which form must be filled out to disclose potential structural pests?
What is the purpose of the Seller's FTB Withholding Exempt Certification?
What is the purpose of the Seller's FTB Withholding Exempt Certification?
Which of the following documents requires the seller to confirm the neighborhood security conditions?
Which of the following documents requires the seller to confirm the neighborhood security conditions?
What role does the Purchase Agreement play in the transaction?
What role does the Purchase Agreement play in the transaction?
What is typically included in a Home Inspector's Report?
What is typically included in a Home Inspector's Report?
Which statement correctly represents the purpose of the Geological Inspection Report?
Which statement correctly represents the purpose of the Geological Inspection Report?
Flashcards
Transmittal and Request Memo
Transmittal and Request Memo
A document that communicates the status of a real estate transaction and requests specific actions from the recipient.
Prepared by:
Prepared by:
The person or entity preparing and sending the memo.
To:
To:
The individual or entity involved in the transaction, typically a buyer or seller.
From:
From:
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Property Address
Property Address
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Listing Agreement
Listing Agreement
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Agency Law Disclosure (Form 305)
Agency Law Disclosure (Form 305)
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Counteroffer
Counteroffer
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Good Faith Estimate of Buyer’s Costs
Good Faith Estimate of Buyer’s Costs
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Good Faith Estimate of Seller’s Net Proceeds
Good Faith Estimate of Seller’s Net Proceeds
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Lender's Letter
Lender's Letter
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Escrow Instructions
Escrow Instructions
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Transfer Fee Disclosure Statement
Transfer Fee Disclosure Statement
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Residential Earthquake Hazards Report
Residential Earthquake Hazards Report
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Natural Hazard Disclosure Statement
Natural Hazard Disclosure Statement
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Home Inspector's Report
Home Inspector's Report
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Structural Pest Control Report & Clearance
Structural Pest Control Report & Clearance
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Lead-Based Paint Disclosure
Lead-Based Paint Disclosure
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Federal Residency Declarations
Federal Residency Declarations
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Seller's FTB Withholding Exempt Certification
Seller's FTB Withholding Exempt Certification
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Seller's Neighborhood Security Disclosure Statement
Seller's Neighborhood Security Disclosure Statement
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Property Operating Expense Sheet
Property Operating Expense Sheet
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Study Notes
Transmittal and Request Memo
- Documents needed for transaction are listed
- Includes forms related to:
- Listing agreements
- Agency disclosures
- Property condition disclosures (TDS)
- Transfer fee disclosures
- Earthquake hazards
- Natural hazard disclosures
- Geological inspections
- Ordinance compliance
- Home inspections
- Structural pest control
- Lead-based paint disclosures
- Federal residency declarations
- Seller's FTB withholding
- Seller's neighborhood security disclosures
- Property operating expenses
- A variety of other documents, like purchase agreements, counteroffers, good faith estimates, conflict of interest disclosures, roofing inspections, lenders' letters and escrow instructions, property inspection requests, final walk-through inspections, and closing statements, are also noted
- Signatures are required on various documents.
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Description
This quiz focuses on the essential documents required for real estate transactions, including listing agreements, agency disclosures, and various inspection reports. It covers critical disclosures such as lead-based paint and earthquake hazards that are essential for compliance. Test your knowledge on the necessary paperwork involved in property transactions.
