184 things a Tulsa REALTOR® does for you (110-140)

Listed here are nearly 200 typical actions, research steps, procedures, processes and review stages in a successful residential real estate transaction that are normally provided by full service real estate brokerages in return for their sales commission. They reflect the level of skill, knowledge and attention to detail required in today’s real estate transaction, underscoring the importance of having help and guidance from someone who fully understands the process – a REALTOR®.

And never forget that REALTORS® are pledged to uphold the stringent, enforceable tenets of the REALTOR® Code of Ethics in their professional dealings with the public. Not every real estate licensee holds REALTOR® membership. Make sure yours does!

The Offer and Contract

  1. Receive and review all Offer to Purchase contracts submitted by buyers or buyers' agents.
  2. Evaluate offer(s) and prepare a "net sheet" on each for the owner for comparison purposes
  3. Counsel seller on offers. Explain merits and weakness of each component of each offer
  4. Contact buyers' agents to review buyer's qualifications and discuss offer
  5. Fax/deliver Seller's Disclosure to buyer's agent or buyer upon request and prior to offer if possible
  6. Confirm buyer is pre-qualified by calling Loan Officer
  7. Obtain pre-qualification letter on buyer from Loan Officer
  8. Negotiate all offers on seller's behalf, setting time limit for loan approval and closing date
  9. Prepare and convey any counteroffers, acceptance or amendments to buyer's agent
  10. Fax copies of contract and all addendums to closing attorney or title company
  11. When Offer to Purchase Contract is accepted and signed by seller, deliver to buyer's agent
  12. Record and promptly deposit buyer's earnest money in escrow account.
  13. Disseminate "Under-Contract Showing Restrictions" as seller requests
  14. Deliver copies of fully signed Offer to Purchase contract to seller
  15. Fax/deliver copies of Offer to Purchase contract to Selling Agent
  16. Fax copies of Offer to Purchase contract to lender
  17. Provide copies of signed Offer to Purchase contract for office file
  18. Advise seller in handling additional offers to purchase submitted between contract and closing
  19. Change status in MLS to "Sale Pending"
  20. Update transaction management program to show "Sale Pending"
  21. Review buyer's credit report results -- Advise seller of worst and best case scenarios
  22. Provide credit report information to seller if property will be seller-financed
  23. Assist buyer with obtaining financing, if applicable and follow-up as necessary
  24. Coordinate with lender on Discount Points being locked in with dates
  25. Deliver unrecorded property information to buyer
  26. Order septic system inspection, if applicable
  27. Receive and review septic system report and assess any possible impact on sale
  28. Deliver copy of septic system inspection report lender & buyer
  29. Deliver Well Flow Test Report copies to lender & buyer and property listing file
  30. Verify termite inspection ordered
  31. Verify mold inspection ordered, if required
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Information on finding a Tulsa REALTOR®, tulsa real estate agent, Tulsa real estate brokers, Tulsa real estate companies is also available on tulsarealtors.com. 184 reasons to use a REALTOR®. Tulsa demographics, Tulsa home values, find your Tulsa home value, Tulsa new homes, Tulsa new construction.

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