What is a deal sheet in real estate?
The deal sheet itself is a non-binding summary of all the terms of a real estate transaction, such as the price, contingencies and the amount of financing.
What are the four stages of a real estate transaction?
The first stage is pre-entry into a contract, and the second stage is the actual signing of the contract. The third stage involves working through the details of the transaction after the contract is in place, and the fourth is closing and post closing.
What is a transaction file in real estate?
There are some key things to remember when handling documents as a real estate agent. Transaction files include all the records pertaining to your business, including sales, closings, expired listings, and potential business. It’s necessary to keep all records for the required time, often five years or longer.