If you are a real estate agent, then you always need to keep abreast of the latest policies, procedures, and laws impacting the field of real estate. It’s always a good idea to know the best way to do things. “All of that important information is what helps you to do your job… and do it well,” says a La Jolla Transaction Coordinator.
LA JOLLA TRANSACTION COORDINATOR TIP
Here is one super hot tip for California real estate agents from a La Jolla transaction coordinator:
DO use a (3) Step Disclosure Process. Anytime you are making a material representation as to the condition of a property and you do not know the statement is true for a fact, use the following process in written form. For example, if your seller states a new roof was installed by a licensed contractor five-years ago, do as follows:
FIRST: Identify the source of statement.
SECOND: Disclaim verification and/or accuracy and validity of the third-party statement.
THIRD: Urge Buyer to independently confirm the statement.
Under this example, the disclosure would state:
- “Per Seller, a new roof was installed by licensed contractor 5 years ago.”
- “Agent has not, nor shall they verify Seller’s statements as to the roof.”
- “Buyer is urged to perform their independent investigation to confirm Seller’s statements as to the roof.
Utilize this great tip from a La Jolla transaction coordinator when you work on your next real estate transaction. And, if you know anyone that needs a transaction coordinator for any transaction closing in the state of California, please do not hesitate to call the team of transaction coordinators at Transaction 911.