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5. Phase 2 — Core Training & Go Live

Dotloop Training

Quiz: Dotloop Training

Follow Up Boss (FUB) Setup

Quiz: Follow Up Boss (FUB) Setup

Script & A.L.M. Training

Quiz: Script & A.L.M. Training

Pond Calling — Daily Dial Discipline

Quiz: Pond Calling

Math, Comps & Quick CMA

Quiz: Math, Comps & Quick CMA

Financial Terms & EMD — Buyer, Property, Loan Type

Quiz: Financial Terms & EMD

Commission & Contingencies — Loan, Appraisal, Cash Purchase, Sale of Other Property

Quiz: Commission & Contingencies

Fixtures, Personal Property & Opening Escrow

Quiz: Fixtures, Personal Property & Opening Escrow

Title, Escrow & Appraisal Fees + Closing Costs + Home Warranty

Quiz: Title, Escrow & Appraisal Fees + Home Warranty

CIC, SRPD & Required Disclosures

Quiz: CIC, SRPD & Required Disclosures

Walk-Through, Possession, Default & Mediation

Quiz: Walk-Through, Possession, Default & Mediation

Broker Fee ($195), Escrow Instructions & Additional Terms

Quiz: Broker Fee, Escrow Instructions & Additional Terms

Confirmation of Representation, FIRPTA & Acceptance

Quiz: Confirmation of Representation, FIRPTA & Acceptance

Listing Process

Quiz: Listing Process

Zillow Showcase Mastery — Your Listing Closer

Quiz: Zillow Showcase Mastery

Zoodealio — Cash Offer System & iBuyer Workflow

Quiz: Zoodealio Cash Offer System

Marketing & Advertising

Quiz: Marketing & Advertising

Platform Verification

Quiz: Platform Verification

5-Day Commitment & Orientation

Quiz: 5-Day Commitment & Orientation

Quiz: After Go Live

Final Exam: Buyer Contract Training

Final Exam: Marketing & Advertising

Final Exam: Operational Systems

Final Exam: Listing Process

Previous Lesson

Quiz: Commission & Contingencies

5. Phase 2 — Core Training & Go Live
Commission & Contingencies — Loan, Appraisal, Cash Purchase, Sale of Other Property
Quiz: Commission & Contingencies

Test your understanding of this section of the RPA. 80% required to pass. Retake unlimited.

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Question 1 of 9

1. Question

The Buyer Agent Commission on the RPA must be:

Whatever the buyer agrees to verbally
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Equal to or LESS than the previously-signed Pre-Showing Buyer Brokerage Agreement
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A flat 3% regardless of prior agreement
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Equal to or MORE than the BBA — more is always better
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Question 2 of 9

2. Question

Section 2 — Can you fill in BOTH a percentage AND a Flat Fee for Buyer Agent Commission?

No — choose one only. Both filled in creates legal conflict.
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Yes, but only on land deals
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Yes — use both for flexibility
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Only if the buyer signs an addendum
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Question 3 of 9

3. Question

Line 20 — What is the suggested Appraisal Contingency timeframe?

45 days
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21 days
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No suggested timeframe — agent's choice
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10 days
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Question 4 of 9

4. Question

What happens if the appraisal is DELAYED and you have not extended a signed addendum BEFORE the contingency deadline?

The deal is automatically canceled
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The seller pays for a re-appraisal
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The contingency auto-extends 14 days
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The buyer has waived the appraisal contingency — they must close or lose EMD
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Question 5 of 9

5. Question

Line 30 — What is the suggested Loan Contingency timeframe?

25 days
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45 days
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No suggested timeframe
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10 days
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Question 6 of 9

6. Question

Lines 33-34 — The Loan Contingency requires the buyer to have what kind of approval by the deadline?

Pre-Qualification
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Pre-Approval — that is enough
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FINAL Approval (not conditional)
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Conditional Approval is fine
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Question 7 of 9

7. Question

VERY IMPORTANT for condos: what verbiage must go in Additional Terms on Page 9 of 11?

The Condo Cert refund language — EMD returned if Lender cannot obtain Condo Cert Questionnaire Approval
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A statement that the buyer is purchasing 'as is'
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A clause requiring the seller to pay HOA dues at close
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A clause waiving the appraisal contingency
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Question 8 of 9

8. Question

Line 36 — Proof of Funds rule for a CASH offer:

Wait until acceptance to provide POF
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Enter 1 (or INCL) — POF will be attached with the offer
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Enter N/A — POF is optional
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Leave blank — sellers don't expect POF
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Question 9 of 9

9. Question

Section 4 — Sale of Other Property — When is it acceptable to submit a Contingent Upon Sale offer?

When the buyer's home is already IN ESCROW — otherwise sellers almost never accept
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Never — Contingent Upon Sale is banned at SG
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Only on luxury homes over $1M
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Anytime — sellers love contingent offers
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