MT431: Real Estate Finance and Ethics Homework- Purdue University Global
Details
Introduction: As a sales agent you are responsible for protecting your client in the process of buying a home. Clients often look to their agents to review documents and reports to assure that they are treated fairly. In this Homework, you are reviewing closing documents for accuracy at the request of the clients.
The following Course Outcome is assessed in this Homework:
o Report the closing documents for a real estate sales scenario to a client.
Read the scenario and respond to the checklist items.
Scenario: Henri and Lila are about to close on their new home. You are a sales agent for the clients and have been asked by them to review the closing documents for accuracy. You find three errors on the closing disclosure and proceed to explain the three errors and what the corrections should be.
Checklist:
1. Explain which closing disclosure calculations on pages 2 and of closing cost details (under loan costs and other costs) are incorrect, show the corrected calculations, and the actual math used to make your determination.
2. Explain which closing documents should be redone so they are accurate and who is responsible for redoing these at the bottom of the document.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.
Attachment:- Closing-Disclosure.rar