Download the Form This sheet contains confidential information for clients who own or are acquiring income property. For Owners: This illustrates the effect anticipated from differing loan amounts and projects the anticipated...
Read MoreDownload the Form This form is used by an agent when preparing a marketing package for an income property they listed for sale or conducted a due diligence investigation for a buyer, to disclose detailed rent roll information to...
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An agent uses Form 352-1 to disclose rental information when marketing or evaluating an income-producing property, and Form 353 when projecting income and returns on an income-producing property.
Read MoreDownload the Form This form is used by an escrow officer when, on behalf of an authorized person, escrow requests information from the holder of a mortgage on a property in sale or loan escrow to confirm the terms and conditions...
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An agent or escrow officer uses RPI Form 401 when preparing instructions to open a purchase escrow with an escrow officer, and RPI Form 415 when escrow requests mortgage information from a mortgage holder regarding their lien on a property to confirm the terms of the debt or obtain a payoff demand.
Read MoreDownload the Form This form is used by a residential landlord or their agent when accepting partial payment of delinquent rent and temporarily deferring any eviction activity, to document the landlord’s agreement with the tenant...
Read MoreDownload the Form This form is used by a commercial landlord or their agent when accepting partial payment of delinquent rent and temporarily deferring any eviction activity, to document the terms for payment of the remainder of...
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Commercial landlords and tenants agreeing to partial payments use RPI Form 558, and residential landlords and tenants use RPI Form 559. The forms commit to writing the portion of remaining delinquent rent the tenant owes the landlord, the date the balance is due, and when not paid by the due date, what action the landlord may take to enforce payment.
Read MoreDownload the Form This form is used by a loan broker or lender when processing a mortgage application, to inform the borrower of adverse action taken on their application. Your use of RPI Form 219 The consumer mortgage...
Read MoreDownload the Form This form is used by a borrower, on their agent’s recommendation, when the borrower receives a negative credit score usage notice in response to their application for a consumer mortgage, to provide the...
Read MoreDownload the Form This form is used by a mortgage loan originator (MLO) when processing a consumer mortgage application, to notify the borrower of the lender’s obligation to disclose the borrower their credit scores and...
Read MoreDownload the Form This form is used by a mortgage loan originator (MLO) after receiving an applicant’s credit report and prior to closing, to disclose to the applicant their credit scores and the Credit Bureaus which...
Read MoreDownload the Form This form is used by a loan broker or carryback seller and their agent when arranging a mortgage loan or carryback note on a sale and needing a determination of the borrower’s/buyer’s...
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A mortgage loan originator (MLO) processing an SFR mortgage application pulls a credit report, advises the applicant of the credit agency’s score and any derogatory financial information which suggests adverse action on the application. Critical to approval, the applicant provides the MLO with explanations for the derogatory items so the MLO can process the application.
Read MoreDownload the Form This form is used by a mortgage holder when the owner of a mortgaged property defaults and faces loss of the property by foreclosure, to transfer ownership of the property to the lender in exchange for the...
Read MoreDownload the Form This form is used by a buyer broker when preparing an offer for their buyer-client to purchase an interest in one-to-four unit residential property with short sale contingency provisions. Your use of RPI Form...
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Alternative methods to a foreclosure sale on mortgaged property include a short sale and a deed-in-lieu of foreclosure. RPI Form 150-5 allows a buyer to purchase a property when the mortgage holder agrees to take a reduced payoff to satisfy the debt and clear title. RPI Form 406 allows an owner to deed their property directly to their mortgage holder.
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Learn to explain to your buyer and tenant clients the provisions contained within the buyer representation agreement and tenant representation agreement.
Read MoreDownload the Form This form is used by a group of individuals employed by the same broker to form a real estate Team and set out each member’s obligations and fee sharing as DRE-licensed team members. Your use of...
Read MoreDownload the Form This form is used by a corporate broker entity when employing an individual broker as its designated officer, to establish their duties as the designated officer and the fee schedule for their earnings. ...
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