Regarding sales / loans with your property, we allow one sale per year of a primary personal residence at 50% off the broker fee. There are certain requirements.
For real estate transactions:
-
Our E&O policy covers agent owned properties.
-
Primary personal residence with you and or your spouse on title only
-
One sale and one purchase per calendar year
-
You must follow the guidelines below
-
You must have already closed another real estate or loan transaction through Excel (with normal broker fees)
Guidelines for sale of personal property:
-
You must use CAR contracts
-
You must have a home warranty, no matter who pays for the warranty
-
The buyer must have a home inspection done by a ASHI or CREIA certified inspector
-
You must have an earthquake / environmental hazard report done (JCP, Property ID)