Contracts & Closing Associate / Ten-X

CoStar Group is the world’s leading provider of information and marketing solutions for the Commercial Real Estate industry. We are a NASDAQ listed company with a market cap of over US$30B and sit alongside other notable names such as Amazon, Facebook, Google and Apple.

As a technology company, we are the trusted partner for all commercial real estate professionals empowering many of the most well-respected landlords, development companies, brokerage firms, banks, lenders, investors and government agencies.

We do this by actively researching the commercial real estate markets and providing data, analytics, innovative tools and powerful marketing platforms in the U.S. and Internationally to help our clients transact with one another. CoStar continues to win multiple awards including one of Forbes most innovative companies (2017) and Fortune’s fastest growing companies (2018).

Ten-X is the leading end-to-end transaction platform for commercial real estate, powering more than 90% of online CRE sales. Our platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close.

The Contracts and Closing Associate is responsible for preparing the necessary documents and exhibits for each note and/or commercial assets sold and seeing the execution of said deal terms.  Responsibilities include verifying proper agreements are in use, all non-standard forms are approved by the legal team and comply with internal policies and manage issues among parties with contract terms.  This position requires strong organizational skills, the ability to multi-task, and the awareness of where all assigned transactions stand.

RESPONSIBILITIES

• Ensure contracts and addenda required for the sale of properties and notes on Ten-X are posted and made available to our buyer clients prior to auction

• Review agreements for required auction terms and communicate to seller/attorney the changes needed

• Makes recommendations to internal stakeholders regarding contract forms to ensure best outcome

• Audit due diligence vault/site to verify each agreement complies with the client’s approved Marketing Agreement, Confidentiality Agreement, Participation Terms and Purchase and Sale Agreement

• Ensure contract ratification after auction and ensure buyer and seller performance

• Draft and circulate all closing documents along with contract corrections post execution and maintain seller/attorney customer relations

• Track deal closing progress and make management aware of any closing delays

• Process all sales in internal system for tracking and Data integrity

• Manage escalated issues to ensure a successful and on time escrow closing

REQUIRED SKILLS

• Bachelor’s degree

• 2+ years of commercial or residential real estate transaction or title/escrow experience

• Working knowledge of real estate terms and processes

• Working knowledge of commercial real estate contracts, closing and all associated due diligence and loan documents

PREFERRED QUALIFICATIONS AND SKILLS

• Highly collaborative and capable of working with internal partners to facilitate successful results

• Ability to make quick decisions and solve problems using good judgment

• Excellent communication skills - written, verbal and interpersonal communication skills across all levels of the organization

• Demonstration of organizational skills, attention to detail and ability to handle confidential material

• Experience with various commercial property types

• Strong organizational and records management skills

• Considerable knowledge and skills in conflict resolution techniques

• Ability to handle issues that are often sensitive and controversial

WHATS IN IT FOR YOU:

Working at CoStar Group means you'll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you'll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.

Our benefits package includes (but is not limited to):

• Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug

• Life, legal, and supplementary insurance

• Commuter and parking benefits

• 401(K) retirement plan with matching contributions

• Employee stock purchase plan

• Paid time off

• Tuition reimbursement

• On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes, as well as Segway’s and bikes available for use during the day

• Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply.  However, please note that CoStar is not able to provide visa sponsorship for this position

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing