New Homes Transaction

Enter deal into 2.1. of Back Office (Lone Wolf)

1. Key info:

   • Add address information

   • Offer date: On agreement (acceptance date)

   • Firm date: 10 Days after acceptance

   • Close date: Tarion Agreement close date

   • Sell price: Base net HST use calculator to determine: _______

   • File requirements: If any checklist items are already fulfilled, check the boxes to complete

2. People:

   • Add seller (builder)

   • Add buyer

   • Add applicable lawyer information

3. Outside Brokers (if not Rego Realty buyer agent):

   • Add outside brokers (Not Rego Realty) 

   • We pay = Yes (double check with Maria)

4. Commission:

   • Listing Commission will be dependent on the listing agreement with the builder - discuss with Cliff

   • If applicable - add outside brokers commission (check the co-op to see the outside broker’s commission)

5. Agent Info: 

   • Add New Homes Agent as the Listing Side agent (With side count of 1)

   • If applicable - Add the Cooperating Agent (From Rego Realty) as the Selling Side agent

6. Navigate back to the Commission tab and Add sub-trade B, repeating steps a-e above.

As mortgage letters/cheques are received, New Homes Coordinator will upload documents/copies to loadingDOCS 

When deal is firm, Deal Coordinator receives a notification that the deal is ready to invoice the builder/pay.

Edit sub-trade A close date to 30 days from invoice date

Confirm with Cliff the trade is correct 

On sub-trade A close date, finalize sub-trade A 

Send trade record report for signing for sub-trade A

Sub-trade B will remind you 30 days before closing to finalize to ensure it can be closed, if sub-trade B will be extended, adjust the closing date

On sub-trade A close date, finalize sub-trade B