Title: Determine the seller’s net proceeds.
Course: Real Estate (12154) > Section: Describing Brokerage and Agency Contract Responsibilities

The determination of the seller’s net proceeds should be calculated using a standard seller's net equity form.

DPOR correlations: 18VAC135-20-400. 14 (Real estate financing); 18VAC135-20-400. 15 (Brokerage and agency contract responsibilities)

Process/Skill Questions:

- What is the purpose of a net sheet? What is included in a net sheet?
- What are the costs incurred by the seller?
- If using a net sheet electronic generator, what factors must be considered?
- What are the categories of costs included in the net sheet?
- What is a good faith estimate, and when should an agent share this with the client?
- How are sellers’ net proceeds calculated?