TRANSACTION FLOW - FOR SALE

Question 1

Start with…

Answer 1

Listing Agreement - Pocket listings of Seller Instruction to Exclude Listing from MLS (SELM)

Question 2

Then create an Offering Memorandum (OM)
(address, parcel number, price, parcel/building size, zoning, photos/floor plan) with…

Answer 2

a brochure and upload to Loopnet/Crexi/MLS (For Sale Only)

Question 3

The next steps include…

Answer 3

Ordering signs, Property tours and Letter of Intent

Question 4

With Purchase and Sale Agreement & Disclosures, you need an attorney drafted PSA with…

Answer 4

an agency disclosure through G&A - not CAR

Question 5

With Purchase and Sale Agreement & Disclosures, you need an AIR PSA (attorney or in-house drafted) with…

Answer 5

-an agency disclosure through G&A - not CAR
-Sellers Property Questionnaire (SPQ)
-Possible Representation of More than One Buyer/Seller (PRBS)

Question 6

With Purchase and Sale Agreement & Disclosures, you need a Commercial Property Purchase & Sale Agreement that includes…

Answer 6

CAR WITH AD, WFA, FHDA, BIA, PRBS, CCPA, SPQ, SBSA, TDS

Question 7

If G&A represents both sides you need an…

Answer 7

Agency Disclosure for Seller

Question 8

If G&A represents only the buyer, you need an…

Answer 8

Agency Disclosure for the Buyer and a Purchaser Due Diligence Obligation if applicable

Question 9

If Leases exist at the tie of closing, you need…

Answer 9

Tenant Estopples (acknowledging agreement with LLD) and Lease Assignments