Notes from contract to close
Practical guides for transaction coordinators and the agents they work with: deadlines, contingencies, documents, signatures and keeping every party in the loop.
Transaction Coordination
What Is a CDA in Real Estate? Commission Disbursement Authorization Explained
A plain explanation of the commission disbursement authorization: what's on it, who prepares and signs it, when it's sent to the closing …
Transaction Coordination
How Many Files Can a Transaction Coordinator Handle?
Why there's no standard number of files per transaction coordinator, how to measure your own capacity, the signs you're over it, and …
Transaction Coordination
In-House vs Independent Transaction Coordinator
How in-house, independent and virtual transaction coordinators differ on pay, control, coverage and compliance, where TC services fit, and how to choose …
Transaction Coordination
The Closing Disclosure 3-day rule, explained
How TRID's three-business-day rule is counted, why received isn't the same as sent, and the only three changes that restart the clock.
Transaction Coordination
Appraisal gap: what happens when the appraisal comes in low
What an appraisal gap is, the five ways buyers and sellers handle a low appraisal, and the deadlines that decide which options …
Transaction Coordination
The inspection objection and repair request, step by step
How buyers respond to an inspection, how sellers answer, the deadlines at each step, and how to write a repair request that …
Transaction Coordination
How to read a title commitment and object to exceptions
What each schedule in a title commitment means, which exceptions deserve a closer look, and how to run the title objection process …
Transaction Coordination
What does clear to close mean, and what happens next?
What clear to close means, how it differs from loan approval, how long until closing, and what agents and coordinators should check …
Transaction Coordination
Earnest money deadlines: when it's due and what if it's late
When earnest money is due, how to count the deadline, what happens if it arrives late, and when the buyer gets it …
Transaction Coordination
Addendum vs amendment in a real estate contract
What an addendum is, what an amendment is, what makes either one binding, and which deadlines to recalculate after every signed change.