Reference no: EM133337064 , Length: Words Count:100
Assignment:
Post Auction Tasks
Outline in point form, tasks that need to be completed by the agent as part of after auction procedures in the following situations.
1. Then a property is successfully sold under the hammer.
2. When a property has been passed in at auction and/or does not sell on auction day.
Facilitate Pre-Settlement Inspection
Before the property changes ownership from the vendor to the buyer, the buyer is entitled to a Pre-Settlement Inspection.
1. In 50 to 100 words, outline, how you would go about facilitating the Pre-Settlement Inspection.
2. How would you plan for contingencies that may affect the completion of sale? e.g. the seller has removed a large tree from the front yard which was not stipulated in the terms and conditions in the contract.
Settlement Day
3. Finally the day has come for the property to change ownership from the vendor to the buyer.
4. Outline the tasks and activities that would take place in order to complete settlement.
5. How would confirm the settlement has concluded?
6. Outline the tasks/activities that you would need to completed as part of the post-settlement processes.
Records and Databases
7. Provide (2) examples of records and/or databases that would need to be updated to record sales and inform future prospecting activities and provide reasons for updating these.