January 2019 Supplementary

Posted by: Shelley Devanney on Tuesday, January 22, 2019

Form #	Form Name	Replaces Revision Date	Brief description of how the form was revised	OK to use prior revision
Z-8	Blank Addendum to the Real Estate Purchase Contract	New Form	A blank addendum was created in addition to the blank rider we already have. It’s important to know that a rider is submitted with a contract and an addendum is added after.	NA

M-10 M-12	Concrete/Foundation Advisories for Buyers and Sellers		Due to the ongoing changes GHAR has discontinued the use of their foundation advisories and advise all members to use the CTR advisories.	NA

C-1 C-2	Exclusive Agency Listing Contract Pg. 1 Exclusive Agency Listing Contract Pg. 2	10/16 3/18	Section 6. Has been updated in order to comply with SmartMLS rules. Section 11. Was created to open the discussion for possible multiple offer situations Section 17 & 18. Were added to disclose the presence of audio and /or video surveillance equipment.	No

F-1 F-2	Exclusive Right to Sell pg. 1 Exclusive Right to Sell Pg. 2	3/18 3/17	Section 6. Has been updated in order to comply with SmartMLS rules. Section 11. Was created to open the discussion for possible multiple offer situations Section 17 & 18. Were added to disclose the presence of audio and /or video surveillance equipment.	No

H-1 H-2	Exclusive Right to Lease Listing Contract Pg. 1 Exclusive Right to Lease Listing Contract Pg. 2	10/16 3/18	Section 6. Has been updated in order to comply with SmartMLS rules. Section 8. Was created to open the discussion for possible multiple offer situations Section 16 & 17. Were added to disclose the presence of audio and /or video surveillance equipment.	No

I-1 I-2	Exclusive Right to Lease or Sell with Option to Buy Pg. 1 Exclusive Right to Lease or Sell with Option to Buy Pg. 2	10/16 3/18	Section 6. Has been updated in order to comply with SmartMLS rules. Section 8. Was created to open the discussion for possible multiple offer situations Section 16 & 17. Were added to disclose the presence of audio and /or video surveillance equipment.	No

D-1	Open Listing Contract Page 1	3/18	Section 8. Was created to open the discussion for possible multiple offer situations Section 12 & 13. Were added to disclose the presence of audio and /or video surveillance equipment.	No

Z-9	Request for Confirmation of Offer Submittal	New form	The REALTOR Code of Ethics Standard of Practice 1-7 requires a listing broker or agent to respond in writing to a cooperating broker who requests confirmation that an offer was submitted to a seller. The listing broker or agent must respond in the affirmative unless the seller has provided written notification waiving the obligation to have the offer presented. The Legal Awareness Committee felt it was important to create a standard form for this purpose. It is not mandatory for this form to be presented with all offers. It is merely there for you to use if you are ever requested to confirm you submitted an offer.	NA

The new revisions to the above forms should be available on zipForms by mid-February.

If you have a question or comment about our forms, please call Shelley Devanney at 860-561-1800, ext 1009. Remember, the CTR legal hotline is the number to call for specific legal issues: 860-566-8333.

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January 2019 Supplementary

January 2019 Supplementary

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