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Marcus and Lana enter into a real estate sales contract for the purchase of Marcus' property. Lana received a large inheritance and will pay all
Marcus and Lana enter into a real estate sales contract for the purchase of Marcus' property. Lana received a large inheritance and will pay all cash for the real estate. Because the property is located in a subdivision, Lana has elected not to obtain a policy of title insurance, and therefore, a title company is not involved in the transaction to complete the closing paperwork. Because there is no title company involved, Marcus' listing agent has agreed to facilitate the closing process and prepare all necessary documents transferring the title to the real estate. The listing agent: Question 42 options: is permitted to prepare the documents transferring title as long as the parties are not charged for the extra services is permitted to prepare the documents transferring title as long as Lana signs a waiver that she is comfortable being represented by the seller's representative for the closing transaction is permitted to prepare the documents transferring title as long as the fees for the preparation of the documents do not exceed 1% of the sales price is not permitted to prepare the documents transferring title
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