Your Agent/Broker Should Create a Marketing Package Cost Sheet.

The MARKETING PACKAGE COST SHEET is used to advise your client why third-party investigative reports and advertising are not free. These third-party reports are frequently demanded by potential buyers as the begin they negotiations. When these reports are given up- front they show the willingness of the seller and their agent/broker to openly share information concerning the property. Also, by having these reports ready many times will reduce the future negotiations about who will pay for what and the statement why if it’s me I want a price reduction.

The following is a list of recommended reports:

• An occupancy transfer certificate
• Natural Hazard Disclosure Statement
• A structural pest control report (and clearance)
• Home Inspection Report
• The well water Report
• A septic tank report
• The National Hazard Disclosure Statement
• Lead Based Paint Disclosure

Once these cost sheets are filled in by the owner or agent/broker the agent/broker is prepared to deliver various authorizations requested to the third-party providers to prepare and deliver the information from the reports into the marketing package. But to be able to do this work the agent/broker must have their client fill out 7 more forms, possibly 8:

• RIP Form 124 Authorization to Release Confidential Information
• RIP Form130 Authorization to inspect and prepare a home Inspection Report
• RIP Form 131 Authorization to prepare a National Hazard Disclosure
• RIP Form 132 Authorization to Structural Pest Control Operator
•  RIP Form 133 Authorization to Provide Services
• RIP Form 134 Authorization to Open Home Warranty Order
• RIP Form 135 Authorization for Homeowner Association Documents
• RIP Form 136 Authorization to Prepare Sales Escrow Instructions
• If the agent or the broker is going to any of these tasks themselves or through a company, they are affiliated with then they must also have: RIP Form 205 Affiliated Business Arrangement Disclosure Statement (Loan broker)
• RIP Form 519 Affiliated Business Arrangement Disclosure Statement (Residential Broker)

These reports will become part of the marketing Package the owner’s agent puts together and presents to prospective buyers of the listed property. This is the advised method because up front disclosures is the best method of marketing the property to avoid further negotiations after entering a purchase agreement. In reality the seller’s is usually only choosing when they wish to occurs this cost. Using this method may give your property a slight competitive sales advantage.