CDA & COMPLIANCE Process

CDA requests and compliance documents* should be submitted 7 business days prior to closing.

*Note: If you are still waiting on your clients to sign documents, please still submit your CDA request form via Rechat.

Compliance Documents

Buyer Representation

  • Buyer Representation Form (TXR-1501)

  • IABS (TXR-2501)

  • TILA (TXR-2516)

  • Info about Mineral Clauses (TXR-2509)

  • 6AH Square Footage disclosure

  • 6AH Reno Terms & Conditions* (see explanation below)

  • Executed Contract

  • Third Party Financing (TREC 40-10)

  • TXR-2402 or TXR-2406 (in most cases)

  • Seller’s Disclosure

  • LBPA (if built prior to 1978)

  • Leaseback (if applicable) (TREC 15-6)

  • Amendment(s) (if applicable)

  • Addenda (if it’s checked on page 8 of the contract please submit w/compliance)

  • Earnest/Option Receipt

Listing Representation

  • Listing Agreement (TXR-1101)

  • IABS (TXR-2501)

  • TILA (TXR-2516)

  • Info about Mineral Clauses (TXR-2509)

  • 6AH Square Footage disclosure

  • 6AH Reno Terms & Conditions* (see explanation below)

  • Executed Contract

  • Third Party Financing (TREC 40-10)

  • Seller’s Disclosure

  • LBPA (if built prior to 1978)

  • Leaseback (if applicable) (TREC 15-6)

  • Amendment(s) (if applicable)

  • Addenda (if it’s checked on page 8 of the contract please submit w/compliance)

  • Earnest/Option Receipt

Please be sure to click “notify office” on each document that needs to be reviewed for compliance. This includes the “CDA Request” form in Rechat.

Your CDA Request form is automatically part of the checklists that auto populate within in rechat.

Victoria will review your CDA request form along with all documents. You will then receive an email AND a slack message with any missing items. Documents that were submitted but declined (missing signature, initials, etc) will be notated in Rechat.

Please re-submit (click notify office again) those docs that were declined & any docs that were outstanding at least 2 business days prior to closing.

Please note: CDAs are typically processed within 24-48 business hours and in the order in which they were received (with priority given to closing dates).

If it is within 24 hours of closing and your CDA has NOT been sent please double check that your file is fully compliant (i.e. that all documents have an “office approved” next to them).

Message Victoria on Slack if there are questions or issues that she needs to be aware of.

* 6AH Reno T&C Doc Explained:

The why behind the “Renovation Terms and Conditions”

 

In summary this document is to protect Agents and 6th Ave Homes from any confusion that arises from the assumptions that can be made about working with a Real Estate Agent at our company. This document makes it crystal clear that an agent is not liable for anything they discuss having to do with home issues, improvements, vendors referred, and the associated costs with them

 

The primary objectives of the document are:

 

  • Protect Agents and 6th Ave Homes from errors and misunderstandings that arise from the discussions, opinions, and advice regarding renovation or similar items (think costs of HVAC repair, painting, foundation issues, sheetrock repair, fencing, etc.). As agents at 6th Ave we want to feel comfortable talking about these things with your clients using the “Renovation Pricing Cheat Sheet” or your general knowledge. The lines can get blurred between what is simply dreaming (talking about feasibility or design of a kitchen reno) or bringing solutions to clear issues on a property (potential cost to add a fence, paint a room, or repair a sheetrock crack) and a promise of what should be done. This is rare but every year there are a few clients that, regardless of how many times expectations are set, have in their head that a 6th Ave Real Estate Agent is an expert general contractor, foundation repair company, roofer, designer, etc. etc. etc.  

 

  • Protect against confusion about the services provided by 6th Ave and each department. Because 6th Ave Homes has a brokerage, construction, and design in house and we market the “One Stop Shop” people have all kinds of expectations about what they will get out of the process by working with an agent. 

 

  • Protect against any liability that comes from referring out a 3rd party vendor. It makes it clear that the decision to use a referred out vendor is entirely on the Client and while we try to refer out trustworthy vendors an agent or 6th Ave Homes is not responsible for any issues that arise. 

 

  • Protect against regret from decisions that are made based on advice and opinions from Agents as it pertains to improvements to property.

 

Here’s how it has been phrased to clients – “I know we talked about this some but my goal is to guide your through the process and, when needed, talk about potential issues or improvements of the properties we will see. To do this well I will speak from my experience and from resources from our construction team. This document reiterates that when we have those conversations I am speaking from my perspective as an agent and will be sharing opinions not promises. I know this won’t be an issue for us but it keeps everything very clear as we kick off your buying/selling process.”

 

Have questions? Email or slack Victoria