PLEASE KEEP IN MIND THESE ARE ONLY GUIDELINES!!

Being licensed in Massachusetts means you have a fiduciary relationship with the party/parties who you have a contract with.

LISTING BROKER

Listing Broker obtains the listing.

Offers:
Selling broker brings offer to Listing Broker.

Purchase & Sales Agreement:
Listing Broker types agreement.
Selling Broker picks up agreement.
Selling Broker has buyer sign agreement.
Selling Broker brings Purchase & Sales to Listing Broker.
Listing Broker picks up completed Purchase & Sale and distributes to Selling Broker.

House Inspection:
Selling Broker definitely attends.
Optional for Listing Broker to attend.
Selling Broker informs Listing Broker of any problems.
Listing Broker talks with Seller.

Bank Appraisal:
Listing Broker required to attend; optional for Selling Broker.
Listing Broker has copy of listing and three (3) comparables if possible.

Prior to Closing:
Listing Broker is responsible for:

• Water reading
• Municipal light reading
• Gas reading, if applicable
• Oil reading with bill
• Deed - make sure one is being drawn
• Certificate of Title if needed
• Smoke detector certificate
• Current tax bill if available

SELLING BROKER

Make sure application is submitted to bank.
Remind Buyer to return letter of commitment to bank, signed, with check.
Copy of commitment to Listing Broker.

Closing:
Customary in our area for both Listing Broker & Selling Broker to attend.
Listing Broker should bring bill, keys, and final statements.
At closing, a copy of Insurance Policy.
Make sure buyer has sufficient funds to close.