Keller Williams NVAR-K1321 2012-2025 free printable template

NVAR K1321 Rev 01/12 Page 1 of 8 Initials Seller / Keller Williams McLean 6820 Elm St Ste 100 McLean VA 22101 Phone 703 655-7672 Fax 866 562-5042 Katie Wethman Produced with zipForm by zipLogix 18070 Fifteen Mile Road Fraser Michigan 48026 www. REGIONAL SALES CONTRACT This SALES CONTRACT Contract is made on Contract Date between Purchaser and Seller who among other things hereby confirm and acknowledge by their initials and signatures herein that by prior disclosure in this real estate...

How to fill out nvar k1321 rev 07 18 online form

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Who needs nvar k1321:

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Video instructions and help with filling out and completing k1321

Instructions and Help about Keller Williams NVAR-K1321

Hi everyone this is Erica Clayton with Wallach and volt mortgage and a slate lending group I'm coming to you because I want to describe to you a particular disclosure that is required in all disclosure sets by the federal government on FHA and VA loans so anytime you have a government guaranteed mortgage there are certain specific documents that the governor fires to be in our loan file and this is actually at the very beginning we're talking about disclosures when you first go under contract for a home look it is called an amendatory clause so FHA and VA both require the amendatory clause and the amendatory clause basically states what the purchase price is and therefore of course you expect the value to be the same so if you're buying the house for 155 then we would expect the appraisal to come in at 155 or hopefully greater however sometimes it's short sometimes the value is actually lower than the sales price so this particular amendatory Clause document is supposed to be done at contract however what we normally do is we send it out to the buyer and their disclosure set we wait for the buyer to sign it we receive it back, and then we send it out to the buyer's agent the seller and the sellers' agent, so that everybody can sign the document from there on the document itself basically states that we expect the house to appraise for the purchase price it also states that if the buyer has a shortage on their appraisal and the evaluator shall have the privilege and option of proceeding with the closing because of course you can pay the difference so if the house appraised is for 150 155 thousand dollar purchase price you have a 5000 shortage and you the fire would be able to pay the difference, and you have that right to do and so it basically states that they can proceed with closing on the buyer side without regard to the amount of the appraisal because you decided to pay the down the cash difference of the value the purchase price on your own and so it basically just states that the buyer of course should satisfy themselves on the price and the condition of the property is acceptable to them even though it's not what the purchase price was on that report the second part of the inventory clause document is called the real estate certification the second part is discussing the fact there's nothing that's not in writing so in other words if you have agreed to leave the fridge in the house it's in writing if you've agreed to replace the stove it's in writing but everything that has been agreed to be in writing and nothing is verbal because in real estate everything has to be in writing so that is the second part of the amendatory clause more importantly the reason why we send this out when we actually receive the disclosures assigned and to the agents on both sides and the seller is because HUD specifically states that the amendatory clause needs to be done before closing preferably a contract however as long as it's done before closing which...

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What is Keller Williams NVAR-K1321?

Keller Williams NVAR-K1321 is a document or form associated with Keller Williams Realty that pertains to specific reporting or compliance requirements within the real estate industry.

Who is required to file Keller Williams NVAR-K1321?

Agents, brokers, and affiliates working with Keller Williams Realty may be required to file Keller Williams NVAR-K1321 as part of their operational compliance and reporting duties.

How to fill out Keller Williams NVAR-K1321?

To fill out Keller Williams NVAR-K1321, individuals should follow the detailed instructions provided with the form, including entering relevant information such as agent details, transaction specifics, and any required signatures.

What is the purpose of Keller Williams NVAR-K1321?

The purpose of Keller Williams NVAR-K1321 is to ensure compliance with regulatory requirements, facilitate accurate reporting, and maintain transparency in real estate transactions conducted by Keller Williams agents.

What information must be reported on Keller Williams NVAR-K1321?

Information that must be reported on Keller Williams NVAR-K1321 typically includes agent identification, details of real estate transactions, listings, commissions, and any pertinent financial data related to the dealings.