In response to the National Association of Realtors settlement that goes into effect on August 17, 2024, we've created a new workflow in SkySlope that will allow you to create and manage pre-contract buyer files to submit buyer agreements to your office easily. Take a look below to learn how.

VISUAL GUIDE

STEP-BY-STEP GUIDE

Create a Pre-Contract File 🤝

Once you have obtained signed buyer agreement documentation, you will submit it to your brokerage by creating a pre-contract file.

1. From the SkySlope Dashboard, click Create New in the SkySlope section. Then select Transaction.
2. Select your representation. For a pre-contract file, you will usually select Purchase.
3. Select your transaction stage. If you don't have a signed buyer agreement, select Pre-Contract.
4. (Optional, but recommended) Link your pre-contract file to an existing SkySlope Forms file. This allows for seamless and immediate data and document import. Click Continue.
5. Basic property information: Select an office (if applicable) and a Checklist type. Click Continue.
6. Client information: Provide client contact information. Requirements will vary by brokerage. Click Continue.
7. Finally, you'll be taken to your Checklist, a list of required documents created by your brokerage. You will submit your fully executed Buyer Agreement Documentation to your Checklist for compliance review. Learn more about submitting documents. 

Convert Pre-Contract to Under-Contract 🏡

After your buyer has an accepted offer on a specific property, you can convert your pre-contract file to an under-contract file. Follow the steps below!

1. Navigate to your pre-contract file. 
2. On the Checklist tab, click Accepted Contract. Then, you will see a pop-up asking you to confirm that you want to proceed; click Create Transaction to proceed with your under-contract file.
3. Detailed property information: Provide essential property details, such as the address, MLS # and year built. Then click Continue.
4. Transaction information: Enter important transaction details, such as the purchase price, acceptance date and scheduled closing date. Click Continue.
5. Contact information: Next up, you will provide details for all the essential contacts for this transaction, such as the Seller, Listing Agent, Title/Escrow and Attorneys. Click Continue.
6. Commission information: On this page, provide the commission information for this transaction. Click Continue.
7. Deposit information: Record the appropriate deposit information on this page. 
8. Finally, click Create Transaction in the bottom right corner. After the file is created, you will land on the Checklist tab, where you can submit the rest of the required documentation for this transaction.

Looking for additional guidance? Our Learning & Development team prepared a full-length training course to help you adapt to the new pre-contract workflow in SkySlope and SkySlope Forms. Click here to register for the pre-contract workflow training. 

If you have any other questions about the pre-contract workflow in SkySlope, please reach out to our 24/7 Support team. Happy SkySloping!