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If the statement did not impact the settlement process, I would say nothing until I had a private conversation.
Richard L. McKinney P.A.
Port St Lucie, FL
Nina Hollander, Broker
Mountain Lakes, NJ
Sandy Padula and Norm ...
I missed this question but Gabe Sanders has it wrong this time....it wouldn't be It Depends for me....My answer would be more along the lines of what Alexandra Ron and Alexandra Seigel answered.
Good guess, though Gabe.
I'm going with the Michael Jacobs answer. It would depend on the error.
If the misstatement was a misrepresentation of a part of the closing documents I would bring it up immediately. Answer A.
Good morning Debbie. Embarrassed or not, I would handle the mistake right on the spot, it is not about being embarrassed, if it is not handled, it might mess up the funding.
I don't see the value in saying anything unless it's going to make a difference in the settlement process.
I do as Roy Kelley outlines. When it matters I tactfully correct the information but otherwise am silent.
I think it would depend on the nature of the misstatement. Does it matter to the client? Then straighten it out right away - otherwise let it drift.
I guess my reaction to a misstatement would depend on what it was about and if it was going to cost my client money.
I would question irt on the spot but in such a way where the closer does not lose face.
I agree with Roy Kelley.
It depends on the mistake. If it impacts my buyer or seller, I have to bring it up.
Tactfully, straighten it out on the spot! Signing should not take place under false information.
i usually say , no harm no foul. if i can fix it later i do that. if it MUST be done then , then i do. i once signed and the loan (i was the buyer..seller carrying) was for too low an interest, we took 3 weeks of trying to get the older guy to sign. he lived in a shack on the beach in san diego, i didnt think those existed. i let it go and just paid im the right amout. if i had not signed, we may have never gotten that deal done lol
Candice A. Donofrio
Fort Mohave, AZ
Have to go with Roy Kelly. Can't think of a better answer.
Regardless whenever there is a mistake, you correct in private. We have walked out of stores, when a manager corrects an employee in front of everybody. It is just wrong! A
Follow Roy Kelley's lead one this on
Debbie - I would straighten it out on the spot, without embarrassing the closer.
Debbie Reynolds I'll go with 'C' - if there will not be any delays in closing because of this misstatement.
Of course, I should have said - it depends on the impact of this misstatement.
Straighten it out right on the spot ... but never in a way that makes the person look wrong ... it's all about positioning and posing it as a way of my understading - gaining clarification .. etc.
It depends on how important the misstatement is. If it is very important, I probably would say something right then.
It depends on how critical the info in the statement was. I would be polite and do my best to clarify the facts without insulting the closer though.
If it does not effect anything regarding the sale, then I keep quiet and bring it up afterwards with the client. If it effects the sale, then I bring it up right away, but in a way where it does not embarrass anyone.
Debbie Reynolds Roy Kelley gave the right answer.
Assuming the statement is affecting the settlement, I address it immediately right there at the table. I do not want a customer leaving the closing with misinformation.
It would probably depend on the nature of the mistake, especially with new TRID guidelines calling for reissue of a CD with a 3 day wait on certain changes. So if it had a material impact on the closing I would feel its my fiduciary responsibility to tactfully keep things on couse. If it did not materially impact my client I would wait until it could be handled privately.
It would depend what it was. If it was minor and didnt natter, i would either do it later or let it slide. If it affected my client, i may do it on the spot.
That's one of the risks of being present at the closing. It put's you on the spot. If you weren't there you wouldn't hear it. And it's a judgment call as to whether or not the closer had really made a mis-statement. That said - if I were there - I would ask them to repeat it so that I could make sure I understood what they were stating. If it still appeared to be incorrect, I would ask them to speak with me for a moment outside the room. If that proved fruitless I would instruct my client to "hold" while I escalated within the closing company...
"A" is the only choice you are assured that will work !!!!!
I would handle the misstatement immediately. There is always a gracious way to bring it up. It could impact the funding so needs to be addressed right then and there.
Roy Kelley has this one.
It obviously made enough of an impression on you to ask here, so my answer would be "a".
Depends on the misstatement. If it is critical, it gets mentioned in a constructive way. If not, it is a privated conversation later.
I suppose it depends on the the nature of the mis-information, Debbie. If it's something that would seriously impact my client post-closing, I would find a nice way to jump in.
If it is important In would make an excuse to get the closer out of the room and mention it to the closer in private.
a) It's best to make corrections immediately.
I always have an attorney with me so we let her handle this.
If it not impact the bottom line and just a mixed up in names. I give opportunity for clarification and trying to straighten out.
Real estate agents are not involved in the actual closing in Ontario. The lawyers handle this stage. The buyers and sellers do not meet when the transaction closes.
There is always the chance the mistake is mine, that I mis-heard or mis-understood. I would talk privately with the closer after the fact, assuming the confusion is my fault, and then if needed talk to my client.