Purchase Offer Submission HRE for Inactive Agent

Real Estate Agent Name*

First Last

Real Estate Agent Email*

Timeframe Requirement*

It has been 72 hours or less since this was signed.
It has been more than 73 hours.

Was this transaction completed within the past 72 hours?

Acknowledgement of Additional Compliance Fee*

I acknowledge that It has been more than 73 hours since the purchase agreement was signed. As such an additional compliance fee of $200 will be charged on this file for late submission to the company.
Not Applicable for agents with start date of 8/8/24 or earlier.

Buyer 1 Name*

First Last

Buyer 1 Email

Buyer 2 Name

First Last

Buyer 2 Email

Company Name

Only If buying in company name.

Please disclose any conflicts.*

Select All
This is a Dual Agency transaction.
I have an ownership Interest in this property.
I have some other conflict. (Please disclose in notes)
There are no conflicts.

Did you disclaim You're a Licensed Agent in the purchase agreement?

Yes
No, That is a violation of law, Please redo the purchase agreement, and select Yes.

Are all required documents located in?*

I'll upload here

Hidden

Instructions and Acknowledgement for Uploading to Transaction Desk*

I have created a transaction and uploaded all documents in Transaction desk and named the file the address of the property.

Please log into Transaction desk and create a transaction, name the transaction the address of the property. Upload all required documents into the transaction folder.

Required documents upload.*

Drop files here or

Max. file size: 192 MB.

Notes

Address Of Property Being Purchased*

Street Address Address Line 2 City State ZIP Code

Offering Price*

The price you're offering to buy.

Earnest Money Deposit*

What deposit do you want to place as a good faith offer for the purchase of this home, 1-3% of the offering price is recommended.

EMD Held By*

Date EMD Sent to Escrow*

Input 1/1/99 if not applicable.

Was EMD Completed by Deadline in Purchase Agreement*

Yes, This is required.
No, Agent must get An Addendum signed by all parties, prior to release of commissions.

Title Company*

Title Contact Email*

Title Contact Phone

Financing?*

Paying With Cash
Conventional Mortgage
FHA Mortgage
USDA Mortgage
VA Mortgage
Land Contract
Other Mortgage

Have you uploaded the FHA/VA addendum?*

Yes
No

Have you uploaded the Land Contract addendum?*

Yes
No

Down Payment*

If paying with a mortgage. (estimated)

Mortgage Originator MLO Name*

MLO Phone*

MLO Email*

Days to complete inspection*

Date to close*

If using a mortgage to buy, We recommend using 45 days, not sooner than 35 days from todays date. If using cash 7+ days from the offering date.

Is occupancy provided to seller?*

Yes
No

Have you uploaded occupancy addendum?*

Yes
No
Included in standard contract

Days of occupancy to seller?*

How many days do you want to allow the seller to remain in the home after the closing? Some sellers need none, some sellers need 30-60 or more days. Some buyers need the home by a certain date. If you need the home by a certain date look at the proposed closing date and the date you need the home, count the days and use that number. If you are not worried about it, you can include 30-60 days, with 30 being the standard.

Occupancy Cost to seller (Daily Rate)*

what daily rate do you want to charge to the seller? You can offer free occupancy to the seller and use 0 or you can charge more. Its a nice incentive to the seller to get free occupancy.

Appliances or other items you want to include in PA.*

If you don't want to include appliances in your offer, let us know.

Other Terms and Conditions

Quality Control and Compliance

Fair Housing Certification*

Yes
No

Have you been fair to all parties in the transaction, treating app persons equally and not discriminating.

Has your buyer client signed a buyers agency DISCLOSURE?*

Yes
No

This form must be located in document repository at the time this form is completed.

Has your buyer client signed a buyers agency AGREEMENT?*

Yes
No

This form must be located in document repository at the time this form is completed.

Is this a condo?*

Yes
No

Have you uploaded a condo addendum?*

Yes
No

Does this property have tenant rights?*

Yes
No

Have you uploaded a tenant rights and investor addendum?*

Yes
No

Is there a home warranty?*

Yes
No

Is there a home sale contingency?*

Yes
No

Have you uploaded a home sale contingency addendum?*

Yes
No

Is there a Well or Septic on this property?*

Yes
No

Have you uploaded a Well or Septic addendum?*

Yes
No

Is there a Pool on this property?*

Yes
No

Have you uploaded a Pool addendum?*

Yes
No

Hidden

Have you included a Pool addendum in the Purchase agreement?*

Yes
No

Is this an Income generating property?*

Yes
No

Have you uploaded an Income investor addendum?*

Yes
No

Have you included a Land Contract Addendum in the Purchase agreement?*

Yes
No

Have you included a Lead Based Paint Disclosure in the Purchase agreement?*

Yes
No

Have you provided a Lead Based Paint booklet to the buyer?*

Yes
No (Please send the booklet to your client and mark yes)

If you have not provided the booklet, send it to your client via email right now, and mark this question yes after it has been sent.

Have you included a Sellers Disclosure in the Purchase agreement?*

Yes
No

Have you included a Affiliated Business Arrangement Disclosure in the Purchase agreement?*

Yes
No

Things to watch out for.

Are the tax prorations in the PA appropriate to the municipality*

Yes
No

If the municipality collects in advance or arrears the purchase agreement should be the same. Some clauses are written in a way that it covers all scenarios. If not make sure its selected properly.

Are condo reserves reimbursed to seller at closing?*

Yes its good
No but its good

Realistically they should not be, I would select 'Shall be included in the sale and assigned to purchaser. Be cautious.

I acknowledge the statement below:*

YES I acknowlege Contract principals every agent should know.

CONTRACT PRINCIPLES EVERY AGENT SHOULD KNOW • A seller who receives an offer can accept, reject, counter or do nothing. A seller with multiple offers is not required to consider them in any particular order, or treat all of the offers “fairly.” • An offer must include an expiration date. Not including an expiration date creates a risk for your buyer that the seller could simply sign it 1 month later and your buyer would be under contract. • An offer to purchase real estate cannot be accepted orally. An acceptance requires a signature and delivery of the signed acceptance. Even if you are advised via telephone that your offer is the one that has been accepted by the seller, you do not have a binding contract until the written acceptance is delivered to you. • Be specific in the writing of your purchase agreement appliances/solar panels etc… Not just ‘stove’ but Viking Model 11203 Stove. Etc… • Delivery of acceptance can be to the buyer or to the buyer’s agent. Whether delivery of the seller’s acceptance to the cooperating agent is sufficient depends on who that cooperating agent represents. • While offers and acceptances relating to the purchase of real estate must be in writing, an offer can be revoked orally. • Generally, an offer or counteroffer can be revoked at any time before it is accepted. This is true even if the offer contains a stated expiration date. An exception to this rule is if consideration is given as with an option contract. • A buyer cannot simultaneously accept and materially change a seller’s counteroffer. Any alteration which changes the obligations of a party in any respect is “material.” If, for example, you “accept” the seller’s counteroffer, but add a provision whereby the sellers are required to throw in their pool table, you have in fact “countered” the seller’s counteroffer. • Once an offer is countered, it has been rejected. A seller who has countered a buyer’s offer cannot go back and “accept” the buyer’s offer as originally proposed. So, in the above example, if the sellers do not agree to throw in their pool table, you cannot go back and “accept” the seller’s original counteroffer. • The fact that the buyer proposes an amendment to a binding purchase contract does not free seller of his obligations under the existing contract. • In the case of a conflict between the preprinted provisions of a purchase agreement and the handwritten provisions, the handwritten provisions govern. • Almost all of these general contract principles can be changed by the agreement of the parties via the written terms of the contract itself. • A seller is not required to accept a full price and terms offer. A list price is not an “offer” that can be accepted by the buyer. • Non-refundable EMD: If the purchase agreement simply states the EMD is nonrefundable, the assumption is that the EMD is nonrefundable in all instances which is not true. If a buyer does not intend that the deposit be non-refundable in all instances than that needs to be spelled out in the PA. Courts tend to enforce time deadlines strictly when nonrefundable EMD’s are offered. So a seller could try to declare the PA terminated and EMD forfeited if the lender is delayed or some other delay extends the closing date beyond whats spelled out in the PA.

I acknowledge the statement below regarding vacationing agent cover:*

YES I acknowlege Vacationing agent cover liability.

When an agent goes on vacation and asks another agent to take care of a listing, the vacationing agent should disclose any patent/latent defects to the agent. The covering agent is responsible for what the seller told their agent even if the vacationing agent did not tell the covering agent. If the covering agent puts a property under contract, a law suit could be caused as a result and all parties would end up on a losing law suit battle.

Fair Housing Acknowledgement*

I acknowledge and confirm that I am compliant.

Civil Rights Act of 1866 – All citizens of the United States shall have the same right, in every State and Territory, as is enjoyed by white citizens thereof to inherit, purchase, lease, sell, hold, and convey real and personal property. – Applies to all property. Federal Fair Housing Act 1968 – Prohibits discrimination based on race, color, religion, sex, national origin, disability, or familial status in the sale or lease of residential property. – Applies to advertising, real estate brokerage, lending, and some other services associated with residential transactions. – No transaction involving a real estate licensee is exempt. Prohibited Acts – Blockbusting – Redlining or other discriminating acts by a commercial lender – Denying access to an MLS or discriminating in terms or conditions for access to the organization – Coercing, intimidating, threatening, or interfering with anyone because of their enjoyment of the rights granted by the Federal Fair Housing Act • Steering – Channeling prospective buyers or renters to specific neighborhoods based on a protected class • Blockbusting – Stating or implying that a group is moving into a neighborhood and that will lower property values to induce homeowners to sell at a lower price. Example of illegal blockbusting: Agent convinces seller to sell before minorities move in, so you Panic sell your home. • Redlining – Refusing to make loans in a neighborhood for discriminatory reasons ALL PEOPLE MUST BE TREATED EQUALLY.

Commission Payment

Are you reporting a closing and commission Request?*

Yes
No
Failed Transaction

Was this a Dual Transaction*

Yes
No

Closing Date*

Were there any issues with the transaction?*

Yes
No

Gross Check*

Face Amount of the check.

Check Information*

Deposited in company account
Mailed to 41800 Hayes Rd, Clinton Twp, MI 48038

Was Proof of EMD uploaded?*

Yes, This is required, please upload it.

Closing Package*

Closing Package UPLOADED HERE

Closing Package Or Mutual Release*

Drop files here or

Max. file size: 192 MB.

Commission Split*

Yes, Its split with another company or person.
No, I should get 100% of the commission. I acknowledge that if a referral company claims otherwise you may be responsible to pay it directly if we've paid the commissions to you.

Name/Company of commission split recipient*

Phone number of commission split recipient*

Address to mail commission split*

Street Address Address Line 2 City State ZIP Code

Amount to pay commission split recipient*

Hidden

Commission payable to agent

Purchase Offer Submission to HRE

Quality Control and Compliance

Things to watch out for.

Commission Payment