Learning the Lingo-Closing Agent

Learning the Lingo continues to come from the homeschooling desk/dining room table. The word for the week is “closing agent.” The closing agent or settlement agent is the person or entity that coordinates all closing activities for a property transaction. These activities include signing the mortgage documents, disbursing of funds, and transferring ownerships. The closingContinue reading “Learning the Lingo-Closing Agent”

Learning the Lingo-Addendum

This week’s Learning the Lingo is not in the car on the way to school. School is now in the dining room. The word we pulled for today is a very common piece of every real estate transaction: addendum. An addendum is a document attached to original Purchase and Sale Agreement between two parties inContinue reading “Learning the Lingo-Addendum”

Learning the Lingo-Listing Agent

We are continuing Learning the Lingo this week with Listing Agent. The listing agent is the real estate agent representing the seller in any real estate transaction. The listing agent’s responsibilities are below: Listing the property in the local MLS. Marketing the property to potential buyers and buyers’ agents. Fiduciary duties to the seller. ProvidingContinue reading “Learning the Lingo-Listing Agent”