Transaction Talk 2022

Are you struggling to close your transactions on time? This unique workshop is designed to bring industry experts together from the three main entities of a real estate transaction - the Lender, Escrow Officer, and REALTOR®. Together these parties ensure that all aspects of the real estate transaction are working to close your deal on time. If you want to ensure the transaction closes quickly all parties need to send, receive, and communicate all information accurately and within the required schedule.

Discussion during this 3-hour workshop will include

• What is escrow?
• What does the escrow holder do?
  • Automated clearing house
  • Non-recurring closing costs
  • Recurring closing costs
• What is the buyer's lender responsible for?
• Mortgage Banker vs. Mortgage Broker
• How does a wire works?

Learning Objectives

After completing this course, students will be able to

1. Understand how the contract affects the escrow process.
2. Understand what role escrow plays in the real estate transaction.
3. Understand that COMMUNICATION is key to the process.
4. Understand what the escrow holder will need to prepare the instructions; documents; order payoff statements; homeowner’s association documentation etc.
5. Understand what paperwork and information is required from each party in the real estate transaction