Your First Closing as a Real Estate Agent

Every step of your journey to becoming a licensed real estate agent is exciting, but some stages can feel intimidating. Whether you are working on behalf of a buyer or a seller, your first closing as a real estate agent is going to be a huge learning opportunity and a wonderful milestone worth celebrating. Closing requires you to be thorough, detail-oriented, and dedicated to your client to ensure their success. At HomeServices Real Estate Academy, we will to equip you with the tools and resources you need to feel confident from your first open house to your first closing. 

Getting to Your Closing

Helping clients to the closing table is a huge job function of the role of the real estate agent. Use time before closing to ensure that there is no unfinished business to attend to, such as contract signing, property repairs or maintenance, or obtaining of insurance. Before you schedule your close, all of these items should be taken care of to ensure a smooth closing meeting and a happy buyer, seller, and real estate agent.

Keeping Track of the Financing

If you are the real estate agent of the buyer, you should ensure that the buyer’s mortgage lender has the financing documents in place and ready for your closing meeting. Everything should be finalized at this point including the insurance rate for the loan, the final mortgage, and the monthly payment amounts. If your buyer is not purchasing through a mortgage, they must have the funds ready and available before closing.

Documents to Bring

As a new real estate agent, it is important to keep a checklist of all documents needed for your closing. While the necessary documents may vary case to case, it is a good practice to bring the following documents to your closing meeting:

The Closing Meeting

There are a few things to expect at any closing meeting. Both the buyer and the seller should bring valid identification in order to sign the closing papers. This will also be the point at which the seller should bring all keys, garage openers, or other home controls with them to transfer to the buyer. Additionally, real estate agents should typically confirm the seller has disconnected all utilities and that they have been set up for the buyer.

Once the documents are signed and everything is transferred, it will be time to celebrate your first closing as a new real estate agent!

Contact Us

Our team at HomeServices Real Estate Academy looks forward to helping you earn your license and celebrating your success every step of the way. From your first test to your first closing, we are so excited to see what you will accomplish in this industry. We are accredited by the Kentucky Real Estate Commission (KREC) and the Kentucky Commission on Proprietary Education (KCPE) and we are committed to providing you with the best education. Contact us today to talk to our team about your future! We proudly serve Lexington, Georgetown, Versailles, Paris, Nicholasville, Richmond, Harrodsburg, Frankfort, and Winchester, Kentucky.