In the simplest of terms, CBCR is responsible for arranging the selling, or buying of buildings and land, on behalf of their clients.
Real Estate Agent Responsibilities
- Research local listings (active, pending, or sold) online or in directories.
- Stay on top of Church market news, trends, and policies
- Complete paperwork and submit agreements to the appropriate state agencies
- Coordinate appointments with your brokerage or clients
- Create a marketing strategy to land more clients
- Respond to client calls and emails
- Host showings
- Generate leads for your real estate business
- Take photos of properties for marketing materials and flyers
- Make recommendations for staging
- Network with other real estate professionals
- Research the current market to establish a fair offer price
Real estate agents offer services that cover everything from the pre-listing phase all the way to the follow-up phase after they have closed the sale.:
Prepare to Offer Broker Services
- Set an appointment to present services and contract to act as the Buyer Broker.
- Discuss the type of building the client wants to consider – land, existing church facility, building to renovate for church use, other.
- Discuss the budget, facility needs, geographical area and schedule.
- Discuss an overview of market projections and current conditions.
- Discuss the process of searching, comparing, inquiring of interest to sell, moving attention to another property, Letter of intent, negotiations, preparing a contract to close at a future date, due diligence, lender commitment, inspections,
Searching for a Property to Make an Offer Contract
- Prepare a Buyer’s program of facility needs, priorities, geographic area to search, proposed budget, and schedule.
- Research currently listed properties to compare prices and programs. Help determine if a property warrants further research.
- Research selling properties ownership, deed type, information regarding lot size and dimensions, the property’s land use coding restrictions, current use and zoning, etc.
- Review listing sales packages and make inquiries of relevant facts.
- Keep a list of reviewed properties.
- Schedule showing times with buyer’s committee.
- Collect mortgage loan information. Determine potential lenders.
- Discuss other financing options
- Mail out “New Listing” notices of buildings for sale via email
- Review budget including various fees and bank restraints.
- CPA to prepare an three year audit or Compilation
- Prepare Letter of intent.
- Monitor seller review and response. Respond, revise LOI, barter.
- Prepare offer to buy contract, obtain signatures, ready for attorney review and revise.
- Discussions with Seller Broker
- Place buyer’s deposit in an escrow account
- Update listing as “Sale Pending”
- Due Diligence during Contract Period
- Confirm that contract is signed by all parties
- Update forms and files
- Coordinate the closing process with seller, buyer, and buyer’s agent.
- Determine Title Insurance Company
- Determine Property Fire insurance company
- Determine Land Surveyor for ALTA survey by seller.
- Order mold, termite, and septic inspections, building inspection, Phase One Study,
- Check with Fire Marshall, Zoning Department, and City Engineer Office for inspection or code issues.
- Verify buyer gets estimates of costs to comply or renovations prior to move in.
- Schedule final walkthrough
- Secure payment
- Check paperwork for errors
- Set status as “Sold”
Following Up
- Clarify any questions or concerns with your client
- Respond to any follow-up calls and tie up loose ends
Real estate agents offer services that cover everything from the pre-listing phase all the way to the follow-up phase after they have closed the sale.