Here’s a lifehack for real estate agents and vendors that deal directly with the anxiety and stress surrounding the preparation of Form 1s.
Our sister company, Eckermann Forms, has a streamlined, online process for making sure Form 1s are completed accurately and efficiently, so that real estate agents can focus on selling and, along with vendors, get peace of mind they’re avoiding the pitfalls and oversights that can lead to defective Form 1s, putting profits and the settlement process at risk.
Eckermann Forms was established in 2010, but in recent years, numerous changes to laws and regulations, along with increasingly litigious activity in the marketplace, have made the specialist Form 1 service more valuable than ever.
Is Eckermann Forms really a lifehack for real estate agents?
Yes, it is.
We’ve heard from countless agents about the pressure they are under to manage their listings and negotiations and how it is too easy to miss an important element in a Form 1 and risk costly disruptions to the sales process.
With Form 1s becoming more technical than ever before, we believe it is unfair, or at least suboptimal, to expect real estate agents to have deep expertise in this ‘administrative’ aspect of their job, when they are expected to deliver strong interpersonal and sales expertise.
It is rare that both ends of that spectrum go hand in hand.
Of course, there is also the time factor to consider. Every minute spent poring over a Form 1 is a valuable minute not preparing or promoting a listing.
Here’s a short, introductory overview of how Eckermann Forms helps agents and vendors get their Form 1s processed professionally.
As you can see, entrusting Eckermann Forms with your Form 1 preparation and certification requirements will alleviate many concerns and provide you with a number of substantial benefits, not least of which will be peaceful sleep at night knowing that deals done will remain done.
Form 1s processed in a streamlined and efficient manner
As you may know, there have been some stories recently about defective Form 1s due to agents having third parties process the documentation without have the correct people certifying the Form 1.
I wrote about this in, Defective Form 1s: Who’s been signing the Part D Certificate of your Vendors’ Statements?
The ‘lifehack’ provided to agents by Eckermann Forms is that they can also complete the Vendor’s Questionnaire directly with the Vendor and have them sign page 3, so all that’s left for you to do is to serve it on the Purchaser or opt for Eckermann Forms to serve the Form 1 on the Purchaser via email.
It also is comforting to know that Eckermann Forms can certify the Form 1 as a ‘Person authorised to act on behalf of Vendor’s agent’ as Eckermann Forms arranges the required agreement to be entered into between the Agent and Eckermann Forms.
By choosing Eckermann Forms, you not only get all the I’s dotted and T’s crossed, you also get a whole team behind the scenes making sure that the Form 1 process is seen through completely, whether or not you start the process during a holiday period like Easter or Christmas/New Year.
Eckermann Forms also recently expanded its service offering, preparing contracts for agents or vendors in addition to the Form 1. This has been implemented to further assist with the ease and reliability of property transaction for agents, vendors and purchasers alike. This new service is accessible via the Eckermann Forms portal.
To take the pressure off and have your Form 1s handled professionally, or to find out more about their new contract preparation service, please contact the experienced team at Eckermann Forms.