The Closing
Introduction: As a sales agent you are responsible for protecting your client in the process of buying a home. Clients often look to their agents to review documents and reports to assure that they are treated fairly. You will review closing documents for accuracy at the request of the clients. Be sure and review the learning activity in order to be prepared to address this units assignment.
The following Course Outcome is assessed in this assignment:
MT431-2: Report the closing documents for a real estate sales scenario to a client.
Read the scenario and respond to the checklist items.
Scenario: Henri and Lila are about to close on their new home. You are a sales agent for the clients and have been asked by them to review the closing documents for accuracy. You find three errors on the closing disclosure and proceed to explain the three errors and what the corrections should be.
Checklist:
Explain which closing disclosure calculations on pages 2 and 3 of closing cost details (under loan costs and other costs) are incorrect, show the corrected calculations, and the actual math used to make your determination.
Explain which closing documents should be redone so they are accurate and who is responsible for redoing these at the bottom of the document.
Access the Assignment grading rubric located in the Course Resources area.
Submit a Microsoft Word document with your response to all the checklist items to the Unit 6 Assignment Dropbox. You can access assistance with APA in the Unit 1 Reading area.
