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Real Estate Timeline
Terms in this set (12)
Number of days notice 0
Agency disclosure (at the first personal meeting)
Tenant Fee disclosure notice (at first personal meeting)
When filing a loan application
Copy of settlement costs and helpful hints within 3 business days of applying for a loan
Before Sales Contract is Signed
Facts for consumer Bulletin (about home inspection)
Property transfer lead paint notification (property built before 1978)
Any material defect that would affect the buyers' decision to buy before or after contract is signed
Board's report for out of state land sales
Before lease or tenant at will
Tenant lead notification and tenant certification (property built before 1978)
1 year to file a discrimination complaint with MCAD or HUD
Loan estimate (former good faith estimate) provided to buyer 3 business days after applying for a loan
Closing disclosure (former HUD 1) must be in buyers hand 3 days before closing
3 day right of rescission for a refinance of an owner occupied property (not a home purchase)
Lender must keep copy of the loan estimate for 3 days before closing
How much does the board get paid?
Nothing, only reimbursed for expenses
How many people appointed to chairperson of the board by the Governor?
A board member's term expires every?
expires every year
How many members from the public serve on the Board of registration?
2 members from the public
How often are licenses renewed?
Every 2 years (biennially) on your birthday
How long are Title V (septic system) inspections good for?
2 years (3 years if you pump every year)
How long does it take for an abandoned property take to lose its non-conforming status?
How long does it take to get a property back that was sold at a tax sale?
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