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What is CMA (Comparative Market Analysis)? |
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CMA |
A CMA is an estimated range of values prepared by a real estate agent that shows
recent past sales for the similar properties of the subject property. CMA suggests a possible asking
price for the owner's property.
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What is HUD-1 (Uniform Settlement Statements)? |
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HUD-1 |
RESPA is an acronym for 'Real Estate Settlement Procedures Act of 1974,' which was
passed to control real estate settlement costs on a national basis. This act provides
for uniform settlement statements called a 'HUD-1' statement, to be used for closing
costs.
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The HUD-1 is a form used by the settlement agent, also called the closing agent.
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The form itemizes all charges imposed upon a borrower and seller for a real estate
transaction. It gives each party a complete list of their incoming and outgoing
funds. Fees associated with the transaction but paid prior to closing are also included
on the HUD. They are normally marked "POC," for Paid Outside of Closing.
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What is MLS (Multiple Listing Service)
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MLS |
Nearly all of the nation’s 800 multiple listing services are owned and operated
by Realtor® organizations. Membership in many MLSs is open only to members of the
local Realtor® organizations that own them.
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Realtor® |
For example, when real estate licensees join Raleigh Regional Association of Realtors,
they become Realtor® and
they are able to list their client's properties with Triangle Multiple Listing
Service. |
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What is 200+ Web Sites? |
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Real estate brokers/companies participate Internet Data Exchange (IDX) are able
to download the same MLS information on local properties accessible by consumers
on the sites. Such as Realtor.com. |
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What is CSS (Centralized
Showing Service)? |
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Set up Showing |
CSS provides realtors to schedule showing appointments.
When a realtor list your properties with MLS, agents are able to schedule
multiple appointments by calling one phone number. You don't have to always be home to show your property.
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Agent Feedback
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CSS provides reporting capabilities which agents can type feedback comments. You
will be able to receive their feedback via email on all showing. This will allow
you to make any necessary adjustment.
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Instructions from Sellers |
You can provides special instructions (New carpet, please take off your mud shoes
when entering the house) for buyers/agents.
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