What should agents ensure is accurate before completing a contract?

Agents must ensure that the seller's mortgage lender information is accurate before completing a contract because this information is critical for multiple reasons. First, the correct lender information allows for the timely processing of the sale and ensures that all financial obligations related to the transaction are clearly understood by all parties. If there are issues with the loan payoff or miscommunication with the lender, it could delay the closing process or even jeopardize the transaction altogether.

Having accurate lender information is also crucial in addressing any existing liens or outstanding balances that may affect the property. This information ensures that the seller can provide a clear title to the buyer and helps facilitate the closing process. The lender’s policies or requirements might also influence the terms of the sale or necessitate additional steps that the agent must manage, making accuracy in this area essential.

In contrast, while commission rates, closing disclosure amounts, and credit scores are also important aspects of a real estate transaction, they usually do not carry the same level of immediate urgency and impact on the transaction's success as having accurate lender information. Ensuring the seller's mortgage lender details are correct supports the overall integrity and smooth progression of the sale.