ASP Advantage 1994 2nd Q2

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* Page 1 Copyright (c) 1990 - 1993, Practical Programs EASY AGENT USERS MANUAL - DISK FILE EASY AGENT 1.46 Copyright (c) 1990 - 1993, Thomas W. Boyd 97 Greenbrook, Brandon, MS. 39042 (601-825-4926) Author Member: Association of Shareware Professionals All RIGHTS RESERVED The Purchaser will be licensed to use this Software and printed materials in the EASY AGENT package under the terms of this software license agreement. PRACTICAL PROGRAMS grants you a paid-up, non-transferable, personal license to use EASY AGENT 1.46 on one (1) computer work station and one (1) Laptop. You do not become the owner of the package. You do not have the right to copy (except permitted backups of the software), or alter the software or printed materials. You are legally accountable for any violation of the License Agreement and copyright, trademark, or trade secret law. SYSTEM REQUIREMENTS. IBM-PC or Compatible Computer with 512K or more memory. One (1) floppy disk drive or hard disk drive, and MS-DOS Release 2.1 or later. IBM is a registered trademark of International Business Machines. MS-DOS is a registered trademark of Microsoft Corporation. * Page 2 ****** SPECIAL PROMOTION OFFER TO REGISTERED USERS ****** * * * When Practical Programs receives a Registration * * payment for EASY AGENT from a New User, and the New * * User obtained the copy of the program from a * * Registered User, the registered user will receive * * a REBATE of $15.00. Also, registered users can * * obtain more than one (1) copy of the program for * * the special price of $25.00 + $3.00 shipping and * * handling (for each additional copy of the program). * * * * Rebate guidelines - Practical Programs * * must be notified, at the time of the New Users * * registration, that a registered user supplied the * * evaluation copy of the program and demonstrated * * and assisted in the procurement of the registration. * * The order form in the back of the printed manual * * contains a entry blank for the name of the * * registered user that supplied the evaluation copy * * of the program to the New User. * * The Shareware distribution disk also contains the * * order form in an ASCII file (order.doc) that can * * be printer with any word processor. It will be the * * registered users responsibility to show a new user * * how to order a registered copy of EASY AGENT. * * * ****** SPECIAL PROMOTION OFFER TO REGISTERED USERS ****** EASY AGENT is a shareware program, and is provided at no charge to the user for evaluation. Feel free to share it with your friends, but please do not give it away altered or as part of another system. The essence of user-supported software is to provide personal computer users with quality software without high prices, and yet to provide incentive for programmers to continue to develop new products. If you find this program useful and find that you are using EASY AGENT and continue to use EASY AGENT after a reasonable trial period (60 days), you must make a registration payment of $40.00 to Thomas W. Boyd, d/b/a PRACTICAL PROGRAMS, 97 Greenbrook, Brandon, MS. 39042. The Real Estate business continually changes and It is my goal to change with the business. As things change there will be improvements and additions to the program. Registration will insure you that you have the latest and most up-to-date program for Real Estate transactions. ASSOCIATION OF SHAREWARE PROFESSIONALS Ombudsman policy "This program is produced by a member of the Association of Shareware Professionals (ASP). ASP wants to make sure that the shareware principle works for you. If you are unable to resolve a shareware-related problem with an ASP member by contacting the member directly, ASP may be able to help. The ASP Ombudsman can help you resolve a dispute or problem with an ASP member, but does not provide technical support for members' products. Please write to the ASP Ombudsman at 545 Grover Road, Muskegon, MI 49442- 9427 or send a Compuserve message via Compuserve Mail to ASP Ombudsman 70007,3536." "The OMB may be contacted by FAX by sending to the ASP FAX number: (616) 788-2765. In communication with the OMB please include a telephone number or FAX if available." * Page 3 WELCOME TO EASY AGENT EASY AGENT is a Tool for busy Real Estate Agents. With EASY AGENT, Agents can calculate Buyer's cost, Seller's net proceeds, monthly payments and FHA minimum down payments in a matter of minutes. Monthly payments include principal, Interest, taxes, insurance and mortgage insurance amounts. The program does all the time consuming and complicated calculations automatically and when any of the transaction costs change the program recalculates all the costs. An Agent can print (when all changes are complete) Buyer's cost report, Seller's net proceeds report, FHA Acquisition report and Amortization schedules. The transaction information also can be saved on disk (hard disk or diskette) for future reference or revisions. Real Estate transactions are different for each transaction. Easy Agent makes calculating these costs simple and easy. The program uses four separate worksheets: Sales/Purchase Worksheet, FHA Acquisition Worksheet and Amortization Worksheet for transaction calculations. All worksheets share the same data and information. The program automatically updates all the worksheets when one (1) worksheet changes. The program also allows an agent to switch from one worksheet to another with a simple keystroke, without having to reenter data or retrieve any files. Another added feature in the Easy Agent program is a four (4) function calculator. The calculator is available in the Sales/Purchase Worksheet and the Amortization Worksheet. ******* COMMON FILE SYSTEM. All the program worksheets use the same files. Any saved file contains all the transaction data and can be retrieved from the Sales/Purchase Worksheet or the FHA Acquisition Worksheet. NOTE: Files created with version 1.3 are not compatible with version 1.4x file format. A conversion utility is available from Practical Programs (free) upon request. * Page 4 The following is a summary of the transaction items included in the program worksheets: Buyer's name * Seller's name * Property address * Sale price * Down payment * *** Loan amount ** Years financed * Interest rate * Earnest money * Loan type (Conventional) (FHA) (VA) * Brokerage ** **** Tax Service Fee * Underwriting Fee * Title Endorsement * Intangible Tax * Other Legal Fee * Attorney fee * Discount points ** **** Loan origination** **** Seller's Loan balance * Water/Septic Inspection * Property Inspection * Other Inspection * Termite inspection * Tax Escrow * Title insurance ** Transfer fee * Hazard Insurance Escrow* Flood Insurance * Interest * (2) Fill-in Other * Credit report * Recording fee * Tax Stamp Deed Tax Stamp Note * Notary Fee * Photo/Video Fee * MIP/PMI/VA fee ** *** **** Appraisal * Warranty * Seller's Credits Taxes * Seller's Credits Interest * Seller's Credits Other * Maintenance Fee * Association Fee * Other Assessment Fee* Payment principal ** Payment interest ** Total payment ** Total Seller's cost ** Seller's net proceeds ** Total Buyer's cost ** FHA minimum down ** Total FHA allowable cost ** FHA maximum mortgage ** Other ESCROW * (fill - in - The - blank) Other ESCROW * (fill - in - The - blank) MIP/PMI/VA fee financed (yes/no) * * user entry item ** program calculated item *** special treatment item, depending on loan type **** special entry item, user enters % and program calculates amount * Page 5 ******* HOW TO START EASY AGENT The command to start EASY AGENT is "AGENT" and the executable file is Agent.exe. There is a installation program on the distribution disk, INSTALL.BAT. Refer to "Dual or Single floppy drive system installation" or "Hard drive system installation " sections in this manual for more details." ***SEE DUAL AND SINGLE FLOPPY DRIVE SYSTEM INSTALLATION INSTRUCTIONS*** If you want to run EASY AGENT from a Floppy drive, at the "A:>" prompt type-in AGENT and then press "ENTER". If you have installed EASY AGENT onto a hard drive, at the "C:>" prompt, type-in "CD REALTY" and then press "ENTER", at the "C:\REALTY>" prompt, type-in "AGENT" and then press "ENTER". ******* Software support If you have trouble with this Software please contact: THOMAS W. BOYD 97 Greenbrook Brandon, MS. 39042 601-825-4926) If you would like to see other features added to this program, then write to me at the above address. All licensed users will receive notification as upgrades are available. In keeping with my objectives to provide PRACTICAL SOLUTIONS AT A REASONABLE PRICE , upgrades will be reasonably priced. The following is a list of Other Programs available from Practical programs: I QUALIFY ....... Mortgage Loan Qualification Program for Home Buyers. CONVERT.EXE ..... File conversion program. Convert files created with version 1.3 to version 1.4x file format. CONTRACT.EXE......Contract printing program to print EASY AGENT files. Contact the Author about special coding for your contracts. * Page 6 ******* DUAL OR SINGLE FLOPPY DRIVE SYSTEMS Note: The Program files are compressed on the distribution disk. You will need approximately 600K free disk space to decompress the file on a floppy disk. This can be done if you copy the files from the distribution disk to a HIGH DENSITY diskette. After installation, the command to start EASY AGENT is "AGENT" and the executable file is Agent.exe. There is an installation program on the distribution disk (INSTALL.BAT). Refer to "Hard drive system installation" sections in the manual for more details. If you want to run EASY AGENT from a 360k floppy drive, you will need to copy the following files to your floppy disk after you run the self extracting archive file (easy-a14.exe). Agent.exe.....Easy Agent program file. Agent.ini.....program initialization file Agent.net.....sample Sales/Purchase and FHA file Ptitle.dst....title insurance data file To run the program from a floppy drive: At the "A:>" prompt type in AGENT and press ENTER. If you have installed EASY AGENT onto a hard drive, at the "C:>" prompt, type in "CD REALTY" and press ENTER, at the "C:\REALTY>" prompt, type in "AGENT" and press ENTER. * Page 7 ******* HARD DISK INSTALLATION If you want to install EASY AGENT on your hard disk, the INSTALL program on the EASY AGENT diskette will do it for you. INSTALL.BAT makes a directory on "C" drive, named REALTY. If you are using the "C" drive, put the EASY AGENT program diskette in the "A" drive. At the "C:>" prompt type "A:\" and press ENTER. The "A:>" prompt should be displayed. At the "A:>" prompt type in INSTALL and press ENTER. The INSTALL program will now begin the installation process. It will copy all of the EASY AGENT program files into a sub-directory named "REALTY" on your "C" Drive. When the installation is complete, change back to "C" drive. At the "A:>" prompt type "C:\" then press ENTER. You will need to change to the "REALTY" sub-directory. At the "C:>" prompt type in "CD REALTY" then press ENTER. At the C:\REALTY> prompt type in AGENT, The EASY AGENT program will start. ************* SET UP YOUR SYSTEM ******************** From the Main Menu Screen select "2" and the program Set Up Screen will be displayed. Set the Type Monitor you have connected to your computer (color or monochrome). Set the Type Printer you have connected to your system (EPSON, IBM PROPRINTER OR HP Laserjet). If the program (printouts) prints past the bottom of a 8 1/2 X 11 page, change the printer Type to the other selection. If you set the system up for an EPSON printer and the program prints past the bottom of the page, change your set-up to IBM proprinter. *** NOTE: THE FOLLOWING THREE PARAGRAPHS ONLY APPLY TO THE *** *** REGISTERED VERSION OF THE PROGRAM. IF YOU ARE USING THE *** *** SHAREWARE VERSION YOU WILL NEED TO SET THE PROGRAM *** *** SYSTEM DEFAULTS FROM THE START UP SCREEN MAIN MENU. *** The INSTALL program will prompt you for your NAME/COMPANY. Type-in either your name or your company's name at the prompt, then press "ENTER". The INSTALL program will next prompt you for the type MONITOR you have connected to your computer (COLOR or MONOCHROME). Enter "0" for Color or "1" for Monochrome. The INSTALL program will next prompt you for the type PRINTER you have connected to your computer, EPSON or IBM emulation (Dot Matrix) or HP LaserJet (Laser). Enter "0" for EPSON or "1" for IBM proprinter or "2" for HP Laserjet emulation. The INSTALL program will now begin the installation process. It will copy all of the EASY AGENT program files into a sub-directory named "REALTY" on your "C" Drive. When the installation is complete, change back to "C" drive. At the "A:>" prompt type "C:" then press "ENTER". You will need to change to the "REALTY" sub-directory. At the "C:>" prompt type-in "CD REALTY" then press "ENTER". At the C:\REALTY> prompt type-in AGENT, The EASY AGENT program will start. * Page 8 ******* <1>SALES/PURCHASE WORKSHEET <1>SALES/PURCHASE WORKSHEET is a sub-program that you can enter all the sales information into a worksheet, and the program will calculate The Buyer AND Seller's estimated cost. When you complete the worksheet the first time, you can then go back and change any of the variable's and the program will recalculate the entire worksheet. You can print a Seller's net proceeds report and Buyer's cost report for presentation. When you choose this option from the MAIN MENU, you will be reminded that you can fill-out a new worksheet by pressing the menu choice "N". After the reminder is displayed you can choose from any of the menu selection at the bottom of the work screen. If you want to fill-out a new worksheet, press "N" and then press "ENTER". If you want to enter information into the worksheet without stepping through all the entries, simply press the entry item number and then press "ENTER". The entry item number (to the left of the entry name) is enclosed in brackets (e.g. <1> for the Buyer entry). If you press the entry item number from the worksheet MENU, the entry blank for the item will be displayed and you can change the previously entered amount, number or letter designation. The current entry amount will be displayed at the bottom of the screen. You can press "ENTER" and skip the entry without changing the current entry amount. You can choose <N>New, and fill-out a new worksheet. The program will step through the following entries. A single entry blank will appear and you can enter the amount, number, name, address or the letter designation indicated by the screen prompt. Note: You can select each item number from the worksheet screen and you will not have to go through the complete worksheet entries. You can also enter certain fixed costs into a blank worksheet and then save it as a TEMPLATE file. You can then retrieve this file each time you want to prepare a new worksheet without having to reenter these fixed costs. Items such as Brokerage, Origination, Intangible Tax and MIP will automatically recalculate when you enter the new sales price. <1>BUYER Enter the Buyers name (30 characters or less), then press "ENTER". <2>SELLER Enter the Sellers name (30 characters or less), then press "ENTER". <3>PROPERTY Enter the property address (30 characters or less), then press "ENTER". <4>LOAN TYPE Enter the LOAN TYPE from the three choices (<1>Conv <2>FHA <3>VA). When you enter the LOAN TYPE the program will prompt you for a new multiplier for the respective fee or mortgage insurance. <5>SALE PRICE Enter the amount (any number from 1-9999999), then press "ENTER". <6>DOWN PAYMENT Enter the amount (any number from 1-9999999), then press "ENTER". For Conventional and VA loans the program subtracts this entry from the Sale price and calculates the loan amount. For FHA loans the program calculates the FHA minimum down payment using the published FHA minimum down payment guidelines. If the Buyer wants to pay any additional down payment, you simply enter the total down payment amount and the program will subtract the FHA minimum down payment amount and calculate the additional down payment the Buyer is paying. * Page 9 <7>LOAN AMOUNT Easy Agent will calculate the loan amount based on the LOAN TYPE selected and whether the MIP/PMI/VA fee will be financed and included in the LOAN amount. <8>INTEREST RATE & TERM Enter the Buyer's mortgage loan interest rate in whole numbers (e.g. 9.5 for nine and one/half percent), then press "ENTER". The cursor will now move to the term entry blank, enter the years financed in whole numbers, then press "ENTER". When you have completed all the entries the payment, principal and interest will be displayed at the lower portion of the screen. <9>MIP/PMI/VA fee financed (Y/N). Enter "Y" or "N", then press enter. This entry determines if the Mortgage Insurance or VA funding fee will be added to the base loan amount or added and displayed in the Sales/Purchase cost column. NOTE: The next section of the worksheet accepts (2) two entries for each item. You can enter an amount in the entry blank under the Seller or Buyer column. If you enter an amount in the blank and press "ENTER", or if you just press "ENTER" the cursor will move from the Seller column to the Buyer column. When you press "ENTER" after entering an amount in the Buyer column the cursor will move to the next entry item. <10>BROKERAGE Enter the percentage of brokerage (e.g. 6, 5, 4.5) and then press "ENTER". The brokerage amount calculated will be displayed under the (Seller) column. If the Buyer is going to pay the brokerage, then press "ENTER" (Do not enter a number). The cursor is still blinking in the blank after <10> BROKERAGE %. If you enter a number in the blank, the amount of brokerage will be calculated and displayed under the (Buyer) column. If the Buyer is not paying any brokerage then just press "ENTER" (Do not enter a number). <11>LEGAL FEE'S * (SEE HOW TO USE ENTRY WINDOW SCREENS) An expanded entry Window will be displayed with the following entries: TAX SERVICE, ATTORNEY FEE, UNDERWRITING FEE, TITLE ENDORSEMENT, INTANGIBLE TAX, ASSUMPTION FEE, DOCUMENT PREPARATION, and OTHER LEGAL FEE's. This entry window allows the user to change an entry or skip a previously entered item. You simply press ENTER to skip an entry, or type-in the entry amount. If you press enter to skip the entry the current amount will not be deleted. <12>SURVEY Enter an amount if the Seller is paying the cost or press "ENTER" to move to the entry blank under the (Buyer) column. If the Buyer is paying this cost enter the amount and press "ENTER" and move to the next entry item. * Page 10 <13>DISCOUNT POINTS This entry is just like the Brokerage entry. If you enter the number of discount points in this blank, the amount will be calculated and displayed under the (Seller) column. Press "ENTER" if the Seller is not paying any points. The cursor is still in the blank after DIS-POINTS, enter the number of points the Buyer will pay, then press "ENTER". If the Buyer is not paying any points, press "ENTER" to move to the next entry item. <14>LOAN ORIGINATION This entry is just like the Brokerage entry.. If Loan Origination is one percent (1%) of the amount financed, then enter "1" (or whatever percentage applies). Remember you can either enter the percentage in the (Seller) or (Buyer) column. <15>LOAN BALANCE * (SEE HOW TO USE ENTRY WINDOW SCREENS) A entry window screen will be displayed and you can enter the cost amounts for the following items: 1st MORTGAGE BALANCE, 2nd MORTGAGE BALANCE. This entry window allows the user to change an entry or skip a previously entered item or press the "ESC" key to EXIT the entry window. You simply press the "DOWN", "UP", "RIGHT", "LEFT" cursor keys to skip the entry or press the "ENTER" key and a entry blank will appear for the item. <16>FHA/MIP ESCROW Enter an amount if the Seller is paying the cost or press "ENTER" to move to the move to the entry under the (Buyer) column. Enter an amount if the Buyer is paying this cost and press "ENTER" to move to the next entry. This entry is for the Monthly Mortgage Insurance Premium escrow. The Monthly Mortgage Insurance Premium amount will be calculated for you and displayed at the bottom of the screen. The calculation for FHA loans is one-half-of-one percent (.5%) of the base loan amount, divided by twelve (12) months. The program calculates this amount, but does not enter it into the entry blank. This is a user entry item. Different mortgage companies calculate this amount in different ways, this is why this entry is a user entry item. <17>INSPECTION FEE (SEE HOW TO USE ENTRY WINDOW SCREENS) An expanded entry Window will be displayed with the following entries: TERMITE INSPECTION, WATER/SEPTIC INSPECTION, PROPERTY INSPECTION and OTHER INSPECTIONS. This entry window allows the user to change an entry or skip a previously entered item. You simply press ENTER to skip an entry, or type-in the entry amount. If you press enter to skip the entry the current amount will not be deleted. <18>TAX ESCROW * (SEE HOW TO USE ENTRY WINDOW SCREENS) A entry window screen will be displayed and you can make entries in the following items. YEARLY TAX - The program uses the yearly tax amount you enter to automatically calculate the monthly amount. MONTHS ESCROWED - The program multiplies the number of months you enter times the monthly amount and calculates the total amount escrowed. This entry window allows the user to change an entry or skip a previously entered item. You simply press ENTER to skip an entry, or type-in the entry amount. If you press enter to skip the entry the current amount will not be deleted. * Page 11 <19>TITLE INSURANCE This entry has been revised to allow the user to manually enter a fixed amount for this item or let the program calculate the title insurance amount using the Title Insurance Rate data stored on disk. When you choose this item the program will prompt you to enter an "A" (for automatic calculation), "M" (for manual entry of a fixed amount or press the "ENTER" key to skip the entry. If you press "ENTER" the cursor will return to the SUB-MENU and this entry will be skipped completely. If you press "A" (automatic) the cursor will move to the Seller column, press "S" if the Seller is buying Title Insurance or press "ENTER to skip. The cursor will now be under the Buyer column, press "B" if the Buyer is buying Title Insurance or press "ENTER" to skip the entry. The program will automatically calculate the Title Insurance amount after you press the respective "S" or "B". If you press "M" (manual) an entry blank will appear under the Seller column, enter the fixed amount or press "ENTER" to skip. An entry blank will appear under the Buyer column, enter the fixed amount or press the "ENTER" key to skip the entry. This entry uses the data stored in the file (PTITLE.DST) to calculate this amount for you. You can change the data file from the SET UP menu. NOTE: The program uses the stored title insurance rates [(1) below $100,000, (2) above $100,000 and less than $500,000, (3) above $500,000 and less than $1,000,000, (4) above $1,000,000 and less than $10,000,000], for the calculations (based on the mortgage, loan amounts). <20>HAZARD INSURANCE ESCROW * (SEE HOW TO USE ENTRY WINDOW SCREENS) An entry window screen will be displayed and you can make entries in the following items. YEARLY INSURANCE - The program uses the yearly insurance amount you enter to automatically calculate the monthly amount. MONTHS ESCROWED -The program multiplies the number of months you enter times the monthly amount and calculates the total amount escrowed. This entry window allows the user to change an entry or skip a previously entered item. You simply press ENTER to skip an entry, or type-in the entry amount. If you press enter to skip the entry the current amount will not be deleted. <21>TRANSFER FEE Enter an amount if the Seller is paying the cost or press "ENTER" to move to the entry blank under the (Buyer) column. If the Buyer is paying this cost enter the amount and press "ENTER" and move to the next entry item. <22>OTHER ESCROW * (SEE HOW TO USE ENTRY WINDOW SCREENS) An entry window screen will be displayed and you can make entries in the following items: FLOOD INSURANCE, INTEREST, OTHER ESCROW (fill-in-the-blank cost name), OTHER ESCROW (fill-in-the-blank cost name). This entry window allows the user to change an entry or skip a previously entered item. You simply press ENTER to skip an entry, or type-in the entry amount. If you press enter to skip the entry the current amount will not be deleted. * Page 12 <23>OTHER This entry prompts you to enter the "Name" of the cost, in an entry blank [located to the left of the (Seller) column]. You can type-in the "Name" of the cost, and then press "ENTER". The cursor will move to the blank under the (Seller) column. Enter an amount, or press "ENTER" to step to the next blank [under the (Buyer) column]. Enter an amount, or press "ENTER" to move to the next entry item. The "Name" of the cost item will be printed on the Buyer's cost report and the Seller's net proceeds report. <24>OTHER This entry prompts you to enter the "Name" of the cost, in an entry blank [located to the left of the (Seller) column]. You can type-in the "Name" of the cost, and then press "ENTER". The cursor will move to the blank under the (Seller) column. Enter an amount, or press "ENTER" to step to the next blank [under the (Buyer) column]. Enter an amount, or press "ENTER" to move to the next entry item. The "Name" of the cost item will be printed on the Buyer's cost report and the Seller's net proceeds report. <25>CREDIT REPORT Enter an amount if the Seller is paying the cost or press "ENTER" to move to the entry blank under the (Buyer) column. If the Buyer is paying this cost enter the amount and press "ENTER" and move to the next entry item. <26>RECORDING FEE * (SEE HOW TO USE ENTRY WINDOW SCREENS) An entry window screen will be displayed and you can make entries in the following items. RECORDING FEE, TAX STAMP DEED, TAX STAMP NOTE, NOTARY FEE, PHOTO/VIDEO FEE. This entry window allows the user to change an entry or skip a previously entered item. You simply press ENTER to skip an entry, or type-in the entry amount. If you press enter to skip the entry the current amount will not be deleted. <27>PMI/MIP/VA FEE This entry is just like the Brokerage entry. If PMI/MIP/VA FEE is one percent (1%) of the amount financed, type-in "1", or whatever percentage applies. Remember, you can enter the percentage in the (Seller) or (Buyer) column. When financing PMI/MIP/VA FEE in the loan, the amounts will not display in these entry blanks. The calculated amount will-be-added to the base loan amount. Be careful with this entry. You will need to enter the percentages, for PMI, MIP and VA FEE entries, because these amounts (they are not fixed) can vary. If you do not enter a percentage in this entry the program cannot calculate the cost. <28>APPRAISAL Enter an amount if the Seller is paying the cost or press "ENTER" to move to the entry blank under the (Buyer) column. If the Buyer is paying this cost enter the amount and press "ENTER" and move to the next entry item. <29>WARRANTY Enter an amount if the Seller is paying the cost or press "ENTER" to move to the entry blank under the (Buyer) column. If the Buyer is paying this cost enter the amount and press "ENTER" and move to the next entry item. * Page 13 <30>EARNEST MONEY Enter the amount and then press "ENTER". This program subtracts this amount from the Buyer's cost (along with the down payment) in calculating the total Buyer's cost. <31>SELLER CREDITS * (SEE HOW TO USE ENTRY WINDOW SCREENS) An entry window screen will be displayed and you can make entries in the following items. TAX CREDIT, INTEREST CREDIT, OTHER CREDIT. This entry window allows the user to change an entry or skip a previously entered item. You simply press ENTER to skip an entry, or type-in the entry amount. If you press enter to skip the entry the current amount will not be deleted. These items will be subtracted from the sellers closing cost and the net proceeds will increase by the total amount of these credits. <32>FEE'S * (SEE HOW TO USE ENTRY WINDOW SCREENS) An entry window screen will be displayed and you can make entries in the following items: ASSOCIATION FEE, MAINTENANCE FEE, OTHER FEE. This entry window allows the user to change an entry or skip a previously entered item. You simply press ENTER to skip an entry, or type-in the entry amount. If you press enter to skip the entry the current amount will not be deleted. These fee amounts will be added to the buyers total payment amount and are not added to the closing costs. When you make the last entry the program will calculate the Seller's and Buyers costs. The total Seller's cost automatically subtracts from the sale price and the program displays the Seller's Net Proceeds. The total Buyer's cost will be automatically added to the Down Payment and subtracted from the Earnest money deposit. The program then displays the Total Buyer's (cash at closing) cost. The monthly payment amount (including the principal and interest) will be displayed at the lower portion of the screen. This completes all the entries and the cursor will be blinking at the bottom screen SUB-MENU. You can change any of the entries to suit your clients needs. As you change the entries the entire worksheet recalculates for you. SEE: HOW TO USE WORKSHEET MENU'S for more details. * Page 14 ******* <2>FHA ACQUISITION WORKSHEET <2>FHA ACQUISITION WORKSHEET is a sub-program that displays the FHA Acquisition costs by simply entering the Appraisal Price and Additional Down Payment amount. The program uses the OCTOBER 1992 FHA rules changes in calculating the results. The program Adds the closing costs to the Sale/Appraisal price and subtracts the buyer paid closing costs. It then calculates the (95% + $500 or 97%) amount for you. Also calculated is the 97.75% or 98.75% amount of the sale/appraisal value. The two amounts will be compared, and the smaller of the two will be used as the maximum loan amount. The smaller of the two amounts will be subtracted from the sale/appraisal price and the down payment will be calculated. When this worksheet is displayed you will be prompted to EXIT back to the Sales/Purchase Worksheet or EDIT the Appraisal Amount and the Additional Down Payment Amount. You can use the TAB key or the RIGHT or LEFT arrow keys to select EDIT. After you make your entries you can select EXIT and return to the Sales/Purchase Worksheet. FHA APPRAISAL Enter the Appraisal price (any number from 1-9999999) and then press "ENTER". ADDITIONAL DOWN PAYMENT If a Buyer is paying an additional down payment, type-in the amount in the entry blank. This amount will be added to the FHA minimum down payment and shows up as total DOWN PAYMENT in the Sales/Purchase Worksheet. * Page 15 ******* HOW TO USE ENTRY WINDOW SCREENS The entry windows used in the EASY AGENT program allow the user to change an entry, or skip a previously entered item. The following example will step you through the LEGAL FEE entry window entries: TAX SERVICE, ATTORNEY FEE, UNDERWRITING FEE, TITLE ENDORSEMENT, INTANGIBLE TAX, ASSUMPTION FEE, DOCUMENT PREPARATION, and OTHER LEGAL FEE's. These entry windows allow you to press ENTER to step through all the entries and the you are prompted to select either EXIT or EDIT. You can use the TAB key or the arrow keys to select EDIT. After you have selected EDIT, press enter and the program will take you back through the entry window entries. The previous entries will not be deleted unless you actually make a new entry into the entry blank. When the LEGAL FEE entry window is first displayed the cursor will be blinking next to TAX SERVICE under the sellers column. If the Seller is paying the Tax Service Fee, enter the amount and then press "ENTER". If the Seller is not paying this fee, press ENTER to move to the next entry under the (Buyer) column. If the Buyer is paying the Tax Service Fee, enter the amount, and then press "ENTER". If the Buyer is not paying the Tax Service Fee, press ENTER to move to the next entry under the Sellers column. The cursor is now blinking in the blank after ATTORNEY FEE, under the (Seller) column. If the Seller is paying the ATTORNEY FEE, enter the amount and then press "ENTER". If the Seller is not paying this fee, press ENTER to move to the next entry under the (Buyer) column. If the Buyer is paying the ATTORNEY FEE, enter the amount, and then press "ENTER". If the Buyer is not paying the ATTORNEY FEE, press ENTER to move to the next entry under the Sellers column. The cursor is now blinking in the blank after UNDERWRITING FEE, under the (Seller) column. If the Seller is paying the UNDERWRITING FEE, enter the amount and then press "ENTER". If the Seller is not paying this fee, press ENTER to move to the next entry under the (Buyer) column. If the Buyer is paying the UNDERWRITING FEE, enter the amount, and then press "ENTER". If the Buyer is not paying the UNDERWRITING FEE, press ENTER to move to the next entry under the Sellers column. The cursor is now blinking in the blank after TITLE ENDORSEMENT, under the (Seller) column. If the Seller is paying the TITLE ENDORSEMENT, enter the amount and then press "ENTER". If the Seller is not paying this fee, press ENTER to move to the next entry under the (Buyer) column. If the Buyer is paying the TITLE ENDORSEMENT, enter the amount, and then press "ENTER". If the Buyer is not paying the TITLE ENDORSEMENT, press ENTER to move to the next entry under the Sellers column. The cursor is now blinking in the blank after INTANGIBLE TAX, under the (Seller) column. If the Seller is paying the INTANGIBLE TAX, enter the tax amount multiplier (e.g. .25 for twenty five cents per one hundred dollars) and then press "ENTER". If the Seller is not paying this fee, press ENTER to move to the next entry. The cursor is now blinking in the blank under the (Buyer) column. If the Buyer is paying the INTANGIBLE TAX, press the "ENTER" key and a blank will appear for the user to enter the tax amount multiplier (e.g. .25 for twenty five cents per one hundred dollars) and then press "ENTER". If the Buyer is not paying this fee, press ENTER to move to the next entry item. * Page 16 The cursor is now blinking in the blank after ASSUMPTION FEE, under the (Seller) column. If the Seller is paying the ASSUMPTION FEE, enter the amount and then press "ENTER". If the Seller is not paying this fee, press ENTER to move to the next entry under the (Buyer) column. If the Buyer is paying the ASSUMPTION FEE, enter the amount, and then press "ENTER". If the Buyer is not paying the ASSUMPTION FEE, press ENTER to move to the next entry under the Sellers column. The cursor is now blinking in the blank after DOCUMENT PREPARATION, under the (Seller) column. If the Seller is paying the DOCUMENT PREPARATION, enter the amount and then press "ENTER". If the Seller is not paying this fee, press ENTER to move to the next entry under the (Buyer) column. If the Buyer is paying the DOCUMENT PREPARATION, enter the amount, and then press "ENTER". If the Buyer is not paying the DOCUMENT PREPARATION, press ENTER to move to the next entry under the Sellers column. The cursor is now blinking in the blank after OTHER LEGAL FEE's, under the (Seller) column. If the Seller is paying the OTHER LEGAL FEE's, enter the amount and then press "ENTER". If the Seller is not paying this fee, press enter and move to the next entry. The cursor is now blinking in the blank under the (Buyer) column. If the Buyer is paying the OTHER LEGAL FEE's, enter the amount and then press "ENTER". If the Buyer is not paying this fee, press enter to move to the next entry item. When you press "ENTER" after the last entry, the total of all the window entry items will be displayed. The prompt will be at the EXIT button. Either press ENTER or press the TAB key to move to the EDIT button. If you select the EDIT button the cursor will move to the first entry and you can edit your previous entries. When you press "ENTER" on the EXIT button the window will clear and you will be returned to the main worksheet. ******* SYSTEM SET UP When you choose this option from the Main Menu the System Set Up screen displays. From this screen you can change the Title Insurance Data, view the data stored in previously saved files, and change the hardware configuration (monitor or printer). HOW TO CHANGE TITLE INSURANCE DATA When you press "1" from the Set Up menu the Title Insurance Data entry screen is displayed. This entry screen allows you to change an entry by simply pressing "ENTER" and a entry blank will appear. You can skip a previously enter item by pressing the "DOWN", "UP", "LEFT" or "RIGHT" cursor keys or you can press the "ESC" key and exit the entry window. * Page 17 The Easy Agent program calculates the title insurance amounts for you using this data. The screen will display the previously entered rates and then it will prompt you to enter the new Title Insurance rates. The calculations made by Easy Agent are based on the loan amount. The rates are for four (4) categories (0 to 100000, 100000 to 500000, 500000 to 1000000, 1000000 to 10000000). The program uses these rates and decides which rates apply and the amount the rate applies too. This data file is named "ptitle.dst". The program uses the stored data for its calculations. The Sales/Purchase Worksheet simply prompts you for an "A" (automatic), "M" (manual) or "ENTER" entry. If you enter "A" the program will automatically calculate the title insurance costs. If you press "M" the program will display a entry blank for the Seller and Buyer and you can manually enter a fixed amount and disable the automatic calculation. If you press "ENTER" the program will either move to the next entry or return to the SUB-MENU. HOW TO VIEW FILES ON DISK When you press "2" from the Set Up Menu, a list of files (on your disk) will be displayed across the top of the screen (note: these file-names show the file extension after the name (e.g. .net). At the screen prompt (at the bottom of the screen) you can enter the name of the file you want to view. Type-in the file-name (name only do not enter the extension) and then press "ENTER". The program will display the worksheet for this file. This feature is added as a convenience only, sometimes you may want to preview the stored data to insure you retrieve the correct file. HOW TO SET DISPLAY COLOR OPTIONS When you press "3" from the Set Up Menu, you will be prompted (below the Set Up Menu) for (either) a "0" or "1" entry for the type monitor (COLOR or MONOCHROME) you have connected to your system. When you enter your choice the prompt will clear and you can either press "Q" or make another menu choice from the Set Up Menu options. HOW TO SET PRINTER OPTIONS When you press "4" from the Set Up Menu, you will be prompted (below the Set Up Menu) for (either) a "0" (for EPSON emulation), "1" (for IBM Proprinter emulation) or "2" Laser (for LaserJet emulation). Press the respective number designation and this configuration will be saved on disk. When you enter your choice the prompt will clear and you can either press "Q" or make another menu choice from the Set Up Menu options. NOTE: review you printer manual to determine the type emulation your printer uses. Most dot matrix printers on the market are capable of one or the other types of emulation. If your printout doesn't look like the samples in the manual, change your printer set-up to the other type emulation. If you are using EPSON emulation, change your printer type to IBM emulation. This should correct the problem. NOTE: If you do not have a HP laser printer, refer to the printer manual and set-up your printer for HP laserjet emulation. If you can't get your printer to work properly with the EASY AGENT program, please contact Tom Boyd, 97 Greenbrook, Brandon MS 30942 . Phone: (601) 825 - 4926. I will re-code the program printer commands if needed. * Page 18 EASY AGENT SUPPORT When you press "5" from the Set Up Menu you will be presented with details about Software support. The program displays Information about registration and license, how to contact the author and how to contact the ASP (ASSOCIATION OF SHAREWARE PROFESSIONALS). QUIT SYSTEM SET UP "Q" Quit, when you press "Q" you will return to the Main Menu. ******* HOW TO USE WORKSHEET MENU'S At the bottom of each worksheet a SUB-MENU will be displayed. The following outlines how to use the menu choices. </> + - / * CALCULATOR If you press / you can (add, subtract, multiply or divide) any two numbers. At the lower left of the screen a blank will appear, enter the first number you want to calculate, then press ENTER. Another blank will appear next to the last entry. Press either (+ to add, - to subtract, * to multiply, / to divide), you don't have to press enter. The cursor will move to a blank to the right of this entry, now enter the second number you want to calculate. Press ENTER, your answer will be displayed on the right side of the screen. This function has been revised to allow the user to press "ENTER" and skip through the entry blanks. <#> CHANGE To change an entry, press the number of the entry item (EXAMPLE: press "12", to change SURVEY, or press "5" to change SALE PRICE). Each time you change an entry the worksheet recalculates completely. <P> PRINT Press "P" and you will be presented with a menu choice for either <B> Buyer or <S> Seller printout. If you want to print a Buyer's cost report press B. If you want to print a Seller's net proceed report press N. Buyer and Seller's reports are separate printouts. The Buyer report is two (2) pages and the Seller report is one (1) page. <F> FILE Press F and you will be prompted at the bottom of the screen for another entry. Press S, to SAVE a file or press O to OPEN a file. Type in the filename without any file extensions. All the program data files are saved on disk with the file extension ".net". * Page 19 <A> AMORTIZE (Amortization Worksheet) If you press "A" you can view or print an amortization schedule. You will be presented with a Amortization Worksheet. This worksheet allows you to enter Additional Payment amounts (to calculate early pay-off, smaller than normal payment amounts (to calculate a balloon payment), fixed payment amounts (to calculate a loan balance for the fixed payment amount) and Adjustable Rate Mortgage interest rates for four (4) additional years (to calculate the payment amounts for the adjustable rates). From the worksheet sub-menu you can enter an "A" <A> Amortize, and a menu selection will be displayed. If you press "P" a complete amortization schedule will be printed on your printer. If you press "V" the amortization information will be displayed at the lower portion of the screen. You can press "ENTER" to step through (and VIEW) each 12 months ending balance, for the complete term of the loan or you can press "ESC" to exit and return to the main workscreen. When the last payment amortization information displays, the program will return to the worksheet SUB-MENU. The "ESC" (escape) feature was added in version 1.4x When you select "1" from the Amortization sub-menu an entry blank will appear and you can enter the ADDITIONAL PAYMENT AMOUNT, that will be paid on the mortgage balance. The program will automatically calculate the interest saving for the term of the loan. When you select "2" from the Amortization sub-menu an entry blank will appear and you can enter the SMALLER THAN NORMAL MORTGAGE PAYMENT. The program will automatically calculate the balance due (balloon payment) at the end of the term. When you select "3" from the Amortization sub-menu an entry blank will appear and you can enter the PAYMENT AMOUNT for a mortgage loan. The program will automatically calculate the loan amount this payment amount will pay-off. This will change the loan balance on this worksheet only, it will not affect the amount in the other worksheets. When you return to the Sales/Purchase or FHA worksheets the program will recalculate the loan balance based on the sales price and down payment amount in these worksheets. When you select "4" from the Amortization sub-menu, four (4) entry blanks will appear. You can enter NEW INTEREST RATES for the 2nd, 3rd, 4th and 5th years of a adjustable rate mortgage. The program will calculate loan payments for the four (4) years, based on the loan balance, at the end of each twelve (12) months period. If you enter an amount in the 3rd years blank, the program will calculate a loan balance after the first two (2) years, based on the beginning interest rate, then it will calculate a payment for the 3rd year using the beginning balance after two (2) years payments at the beginning balance rate. <FHA> FHA WORKSHEET If you type in "FHA" and then press ENTER, you will be switched to the FHA ACQUISITION WORKSHEET. All the data and information you have previously entered will be transferred into the FHA Worksheet. You can the make any changes to the FHA Worksheet and then switch back to the SALE/PURCHASE Worksheet by simply pressing "N" from the FHA WORKSHEET sub-menu. * Page 20 <N>New If you type in "N" and then press ENTER, the program will step you through all the program entry blanks and then calculate the Sales/Purchase Costs. Selecting this menu item clears the current workscreen and all the current entries. This option allows you to step through all the entry items without having to select each entry item individually. This could also prevent you from skipping an important entry. <Q> QUIT Press "Q" to return to the MAIN MENU.