October 2019

Posted by: Shelley Devanney on Tuesday, October 1, 2019
Form # Form
Name
Replaces Revision Date Brief description of how the form was revised OK to use prior revision
  Closing Cost Credit Rider New Form

This form was created by the Legal Awareness Committee in order to have a form with standardized language for agents to use when the seller agrees to a closing cost credit. This form is not mandatory.

NA
         
V-8 Sale of Buyers Property Contingency (Under Contract) 3/10

This form has been amended to add appropriate language to state the buyer’s contract is binding and any additional offers received could only be considered as back-up offers.

No
         
A-3 Real Estate Purchase Contract 12/18

Section 17 of the purchase contract has been updated to change “Other Environmental Tests” to “Other Tests”, lengthen the other test line and change “other” to “other(s)” after that line, change the wording from “licensed environmental inspector” to “licensed inspector” and change the negotiation period 3 calendar days to 5 calendar days.

No

 

The new revisions to the above forms will be updated on zipForm, dotloop and Docusign by mid-October.

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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