STAR Contract Information BookletGreater Tulsa Association of REALTORS 11505 E. 43rd St. Tulsa, OK 74146 April 2018GTAR Contract Information Booklet Bolded italic words are defined at the end of this.
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How to fill out the OK GTAR Contract Information Booklet online
The OK GTAR Contract Information Booklet is a crucial document for individuals entering the real estate market in Oklahoma. This guide will provide you with a clear and comprehensive process on how to fill out this form online, ensuring that you understand each section and field.
Follow the steps to complete the OK GTAR Contract Information Booklet online seamlessly.
- Click the ‘Get Form’ button to access the OK GTAR Contract Information Booklet and open it in your designated editor.
- Begin by entering the legal description of the property in the designated field. Ensure accuracy by including both the legal and physical address.
- Input the purchase price in the 'Purchase Price' field, followed by the earnest money amount that needs to be deposited immediately after the contract is executed.
- Select the type of financing option applicable to you. If contingent upon loan qualification, attach the necessary Financing Supplement as instructed on the form.
- Review the sections regarding closing, funding, and possession. Fill in your preferred method of payment and be aware of any identification requirements at closing.
- Specify any included or excluded items under 'Accessories, Equipment and Systems.' Make sure to list any additional inclusions or exclusions related to the property's sale.
- Complete the section on inspections and investigations. Provide information about any professional inspections you plan to conduct and the expected timeline.
- Carefully read through the provisions regarding the expiration of buyer's right to cancel the contract and make any necessary notes to ensure you adhere to the timelines.
- After filling out all sections, review your entries for completeness and accuracy. Ensure that all parties involved are listed correctly.
- You can then save your changes, download, print, or share the form as necessary for your real estate transaction.
Begin filling out your OK GTAR Contract Information Booklet online today to streamline your real estate process.
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Get answers to your most pressing questions about US Legal Forms API.
What is the property Condition Disclosure Act in Oklahoma?
a. the seller shall not be liable for a defect or other condition in the property if the existence of the defect or other condition in the property was disclosed in the disclosure statement or any amend- ment delivered to the purchaser before acceptance of the offer to purchase.
How much earnest money is required in Oklahoma?
So, how much earnest money (EM) is required? Ask 100 realtors, and you will probably get 100 answers, but a good rule of thumb is 1% of the purchase price. Don't expect to write an offer on a $500K home and put down $500 in EM.
Is Oklahoma a full disclosure state?
If you're planning to sell your Oklahoma home, an important provision of state law requires you to make disclosures about its condition, physical and otherwise.
Do you have to disclose asbestos when selling a house in Oklahoma?
You are required to list any environmental risks such as contamination to soil, air, and water. If there is a risk of being exposed to hydrocarbons, asbestos, any type of mold, and radon gas, this needs to be listed as well.
How do you get assignment contract on real estate?
How To Assign A Real Estate Contract Find the right property. Acquire a real estate contract template. Submit the contract. Assign the contract. Collect the fee.
What do you have to disclose when selling a house in Oklahoma?
Disclaimer / Disclosure Statement A Disclosure Statement shall include an identification of items and improvements which are included in the sale of the property and whether such items or improvements are in normal working order.
What type of information must be disclosed to the seller?
Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.
Who pays for title insurance in Oklahoma?
In Oklahoma, it's more common for the seller to pay for owner's title insurance. If you do pay part of the bill, owner's title insurance usually costs around 0.52% of a Oklahoma home's final sale price — or $983 for a $187,915 home.
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