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READ.ME
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1991-08-09
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/*******************NEW VERSION 1.2 UPGRADE**************************
EASY AGENT version 1.2 - REAL ESTATE PROGRAM FOR THE BUSY AGENT
Copyright (C) 1990, 1991 THOMAS W. BOYD
All Rights Reserved
To install EASY AGENT 1.2 , read hard disk installation or floppy disk
installation in the manual.doc file included on program diskette.
This version 1.2 diskette contains the following files:
AGENT.EXE - The EASY AGENT 1.2 Executable Program
INSTALL.BAT - The EASY AGENT HARD DISK installation program
FINSTALL.BAT The EASY AGENT FLOPPY DISK Installation Program
LAGENT.EXE - The EASY AGENT INITIAL SET-UP PROGRAM
MANUAL.DOC - NEW! COMPLETE EASY AGENT MANUAL ON DISK
AGENT.NET - SAMPLE DATA FILE FOR FHA AND NETSHEET WORKSHEETS
EXAMPLE.NET - SAMPLE DATA FILE FOR FHA AND NETSHEET WORKSHEETS
TITLE.DST - TITLE INSURANCE DATA FILE USED BY EASY AGENT
READ.ME - This file
AGENT.INI - The EASY AGENT INSTALLATION DATA FILE
AGENT.DAT - The EASY AGENT DATA STORAGE FILE
UPGRADING FROM PREVIOUS VERSIONS OF EASY AGENT:
To upgrade your existing version of EASY AGENT, to version 1.2, copy the 1.2
files listed below to your working disk or directory:
/****************************************
Note: You need to delete all (*.net, *.fha) version 1.1 data files. version
1.2 doesn't use *.fha files anymore, and the 1.2 *.net files are not
compatible with version 1.1.
/****************************************
Agent.EXE - executable program file
*.NET - All the 1.2 sample data files
manual.doc - NEW!-program user manual in ascii file format
Easy Agent 1.2 uses a common file system for all worksheets (FHA
acquisition, NETSHEET worksheet and Contract worksheet). The new file system
is not compatible with version 1.1 files. If you have working files saved
with version 1.1, version 1.2 will not retrieve them, and attempting to
retrieve 1.1 files may cause a error.
UPGRADES AND CHANGES INCORPORATED IN version 1.2
On JULY 1, 1991, FHA made effective new rules and guidelines for calculating
down payments, maximum mortgage amounts and mortgage insurance premium costs
for mortgage loans. The incorporation of these rules into EASY AGENT, is
what necessitated the revision to version 1.2.
File system:
version 1.2 uses a common file system, by using common files, data transfer
between worksheets is accomplished. This permits FHA worksheets to be
utilized in the NETSHEET worksheet and the Contract worksheet. Easy Agent
1.2 stores all data from all worksheets in a sequential file with a
extension .net
FHA acquisition worksheet:
version 1.2 incorporates the latest FHA rules (JULY 1991) in making the
calculations for down payment, maximum loan, closing costs, mortgage
insurance premium (amount included in monthly payment) and mortgage
insurance premium escrow amount.
FHA Formulas used in version 1.2:
Sale/appraisal price - seller paid closing cost + 57% of the closing cost
* 95% + $500 = maximum mortgage if price is above $50,000.
Sale/appraisal price - seller paid closing cost + 57% of the closing cost
* 97% = maximum mortgage if price is below $50,000.
Maximum mortgage * .038 = Mortgage Insurance premium
(loan balance *.005)/12= Mortgage Insurance premium monthly payment amount
Mortgage Insurance premium monthly payment amount * 2 = 2 months MIP escrow
Appraisal price * 97.75% if amount is above $50,000
Appraisal price * 98.75% if amount is below $50,000
New!- FHA closing cost worksheet:
A new closing cost worksheet has been added to the FHA acquisition Sub-
program, this worksheet let you designate who is paying each cost by
entering "S" for seller "B" for buyer and then the program either
calculates the amount or lets you enter the amount. It calculates the
origination fee, you enter the amounts for attorney fee, appraisal, survey,
credit report and recording fee, and it calculates the title insurance
amount for you. It then totals the sellers cost, buyers cost and totals all
closing costs. The totals are then transferred into the main FHA acquisition
worksheet. When you complete the main worksheet, you can call up the closing
cost worksheet and change the costs, and the main worksheet will be
recalculated completely.
New!- print closing cost summary:
When you print a FHA worksheet, the program also prints a summary, listing
the closing cost items, their amounts and the totals. The program prints the
FHA acquisition report, and then prints the summary. 2 pages will be printed
each time you print from the FHA acquisition worksheet. This summary prints
the name of the closing cost, who is paying them, how much they are paying
and sellers total cost, buyers total cost and total allowable closing costs.
Bug Fix!
The file handling procedures have been improved, version 1.1 would crash
during some file handling requests. With version 1.2 I have incorporated new
error handling procedures for file handling.
New!- when you view FHA or NETSHEET files from the SYSTEM SET-UP menu, the
complete worksheet screen (with the files data) is displayed, just as though
you were working in the worksheet.
New!-MANUAL.DOC
A complete users manual is included in the manual.doc file, this file has
the same (step/step, item/item) documentation as the printed manual that you
receive upon registration.
Thank you for using EASY AGENT
Tom Boyd