SC CLIENT ENGAGEMENT LETTER AND SELLER INFORMATION SHEET

5950 Fairview Road, Suite 230
Charlotte, NC 28210
704-323-8621
randrlawfirm.com

Congratulations and thank you for allowing our firm to represent you in the sale of the property. We look forward to assisting you throughout the closing process.

Who We Represent:

Under South Carolina State law, we may represent multiple parties in a real estate transaction, as long as we believe we can provide competent and diligent representation to all parties and upon your written consent. It is standard practice in South Carolina, for a closing attorney to represent all parties. By signing below, you acknowledge that Renger & Reynolds, PLLC may act as the attorney for you as the Seller, as well as the Buyer and Lender. You understand that you have a right to obtain separate legal counsel for this transaction. You acknowledge, that should a conflict arise, Renger & Reynolds, PLLC shall withdrawal from representation.

What Services We Provide:

The purpose of this Client Engagement Letter is to set-out what you may expect throughout our representation. Our representation and the fees charged for our services are limited to preparing your Seller documentation pursuant to the Contract, including but not limited to the Deed, owner's affidavit, FIRPTA affidavit, Non-Resident Seller Withholding affidavit, IRS form 1099, and order pay-off statements for any mortgages against the property.

If you wish for our firm to provide additional services or represent you outside the scope of this Client Engagement Letter, we may charge separate fees for such services. Drafting company resolutions, powers of attorney, coordinating multiple signatories, and handling transactions in which rents are prorated or resolving title issues are examples of services for which our firm will charge an additional fee. Please note, we are not tax attorneys, therefore we do not give advice regarding Federal or State income tax.

Requirements at Closing:

At the time of signing your closing documents, you will be required to present an unexpired government issued photo identification. If you are unable to attend closing, please let us know in advance so we are able to make alternate arrangements, such as a mail-away closing or Power of Attorney. Failure to disclose your unavailability for closing, may result in the delay of closing at a cost to you.

End of Representation

Please note that unless otherwise engaged or communicated, Renger & Reynolds, PLLC considers the representation relationship ending upon the first disbursement of settlement funds.

Thank you again for selecting Renger & Reynolds, PLLC. If you have any questions regarding the closing process, please do not hesitate to contact our firm at the above number.

Sincerely,

Elizabeth H. Reynolds, Attorney at Law

Renger & Reynolds, PLLC

By signing below, we consent to Renger & Reynolds, PLLC representing multiple parties with regard to this transaction and agree to the terms of the engagement letter above.

Seller Signature*

Seller Signature

Thank you for choosing our firm to handle the sale of your property. Please complete this form and return it to us as quickly as possible. Failure to provide this completed form to our office in a timely fashion may delay your closing.

Seller 1 Name:*

Seller 2 Name:

Subject Property:*

Was the Subject Property your primary residence?*

YesNo

Phone Number:*

Area CodePhone Number

Email Address:*

Forwarding Address:*

(*We must have an address, even if address is temporary. Please do not use property address.*)

SSN# (Seller 1):*

SSN# (Seller 2):

*If you are unable to provide a social security number within 10 business days of closing, our firm will presume that we must withhold a percentage of your gross sales proceeds and disburse same to the Department of the United States Treasury. Please note that there will be an additional fee for preparing the withholding documentation.

If Seller is an LLC, Corporation, Trust or other entity, E.I.N.:

*** If an LLC, Corporation, Trust or other entity, please provide documentation authorizing the sale of the Subject Property.

Out of State Resident?*

YesNo

If Yes, capital gain amount if any:

*If you are unsure on how to calculate your gain amount, please contact your CPA or tax attorney. As an out of state resident, you are required to provide the capital gain amount in order to sell the property.

Is Seller a U.S. Citizen or holder of a valid Green Card/Permanent Resident Card?*

YesNo

*Please notify our office immediately by phone if you check No to the above question. We will need additional information for tax/witholding purposes.

Are you providing Buyer with a Home Warranty?

YesNo

If yes, please provide a copy of the invoice to our firm.

HOA Management Company Name:

HOA Management Company Phone Number:

Area CodePhone Number

HOA Management Company Email Address:

Amount of Dues:

Frequency of Dues payments:

Realtor Company Name:

Realtor Name:

Realtor Cell Phone Number:

Area CodePhone Number

Realtor Email Address:

Listing/Seller Agent Commission %:

Bonus $:

Listing Agent License Number:

Listing Agent Firm's License Number:

Seller/Buyer Agent Commission %:

Bonus $:

Will all Sellers attend closing?*

YesNo

If all sellers will not attend closing, you must provide original, notarized documents to us prior to closing.

Renger & Reynolds, PLLC, will prepare the Seller closing documentation for a standard fee as a Seller expense collected at closing. You may request a copy of our fee schedule for our current rates. In the event title curative measures are necessary or Seller’s title involves an entity or an estate/trust, the standard fee for the Seller will increase. Please advise us immediately if you have retained counsel to prepare your Seller documentation. Please note we charge a closing administration fee to obtain your HOA statement and pay-off information (if applicable) and seller proceeds disbursement fee should you choose to retain separate counsel. As set out above, you may request a copy of our fee schedule for our current rates. If Renger & Reynolds, PLLC, will not be preparing the Seller documents, please provide the contact information for the Seller’s Attorney:

Attorney Name:

Email:

Renger & Reynolds, PLLC, charges an administrative fee for the disbursement of all sales proceeds whether by Fedex delivery, wire or otherwise.

Sales proceeds will only be wired to your account if you complete a wiring authorization form in our office.

Sales proceeds for Sellers who sign remotely will only be wired to a law firm, title insurance company or 1031 exchange/intermediary company.

By signing and submitting this Form, you consent Renger & Reynolds, PLLC, providing a copy of the settlement statement to all parties in this transaction.

Please Note: In order for funds to be disbursed at the closing table, we must be in possession of the following: Seller's fully executed original documents including the Deed, Buyer's funds to close, lender's funds/proceeds to close (if appliable), the lender's funding approval (if applicable) and keys/possession must be provided to the Buyer. Renger & Reynolds, PLLC will not release funds until we are in possession all items noted above.

***Our signatures on the following page addressing lien payoffs also constitutes an acknowledgement of all of the terms and affirmations set-out on this Seller Information Form***

Mortgage/Equity Line Lender:

Loan/Account Number:

Customer Service Phone Number:

Area CodePhone Number

Approximate Balance:

Mortgage/Equity Line Lender:

Loan/Account Number:

Customer Service Phone Number:

Area CodePhone Number

Approximate Balance:

Our firm must contact all mortgage companies or other holder of any secured liens on the Subject Property. We require the above information in order to contact the lien holders. Please provide this information as soon as possible as the processing of some payoff information by lien holders takes as many as ten (10) business days.

My/Our signature(s) below constitute my/our authorization of any employee of Renger & Reynolds, PLLC, to obtain any mortgage/home equity line of credit/judgement lien information and to order a payoff on the above or any related accounts on my/our behalf AND I/we further authorize Renger & Reynolds, PLLC, to close/freeze/block said account pursuant to the sale of real estate property security interest.

Seller Signature*

Seller Signature

Seller understands that sometimes unfortunately, a transaction may fail to close for a variety of reasons.

Seller understands that Renger & Reynolds, PLLC is holding the Earnest Money Deposit (EMD) in accordance with SC real estate laws as stated below:

Seller agrees that if a transaction fails to close, Renger & Reynolds, PLLC as escrow agent shall hold the EMD in safe keeping in accordance with SC laws and shall not disburse the funds to anyone until one of the following occurs:

All Buyers and Sellers sign a disbursement agreement stating how the EMD shall be disbursed; or
A judge in a court of competent jurisdiction issues a disbursement order stating how the EMD shall be disbursed.

Only when all parties sign a disbursement agreement or a disbursement order is obtained from the court, Renger & Reynolds, PLLC will properly disburse the EMD within a reasonable amount of time in accordance with SC laws.

Seller agrees that Renger & Reynolds, PLLC may deduct $250.00 from the EMD as payment for administrative and custodial fees prior to disbursement. If an interpleader action is required, Seller agrees that the $250.00 shall be deducted from the EMD and paid to Renger & Reynolds, PLLC prior to submitting the funds to the court.

Seller Signature*

Seller Signature

CLIENT ENGAGEMENT LETTER AND SELLER INFORMATION FORM

SELLER INFORMATION SHEET

HOMEOWNERS ASSOCIATION:

REALTOR COMMISION INFORMATION

SELLER CLOSING DOCUMENTATION

DISBURSEMENT OF FUNDS:

MORTGAGE LOAN/HOME EQUITY LINE OF CREDIT PAYOFF:

EARNEST MONEY DEPOSIT AGREEMENT FOR PROPERTY