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If you are a California real estate agent or Realtor®, then you will want to pay attention to the agent tip in this article.

Our California Transaction Coordinators have noticed a trend when processing paperwork and preparing fully compliant real estate files for our agents in San Diego County and beyond. What we are noticing is that it is very important to the buyer’s agent, seller’s agent, and the transaction coordinator to pay careful attention to the estimated settlement statement prepared for review prior to closing.

Here is a list of items to look for on the settlement statement:

• Homeowner’s Insurance
• Homeowner’s Association Dues and Transfer Fees
• Natural Hazard Zone Disclosure Report Fee
• City and County Transfer Fees
• Payoffs to Lien Holders
• Home Warranty
• Escrow and Title Fees
• Pest Control and Septic Fees

In addition to the list above, there are many other fees that may be associated with the closing of a real estate transaction—all of which need to appear on the estimated settlement statement if they apply to your particular real estate transaction. You would definitely want to review all the fees to make sure you are being charged accordingly.

So, if you are a real estate agent or you need a California Transaction Coordinator to help you check out your settlement statement or prepare your fully compliant transaction file, please do not hesitate to contact the transaction coordinating team at Transaction 911.

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