PAR released the new Oil, Gas and Mineral Rights Disclosure and Addendum to Agreement of Sale on Monday Jan. 16, which replaced the previous Oil, Gas and Mineral Rights Addendum to Agreement of Sale.
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PAR released the new Oil, Gas and Mineral Rights Disclosure and Addendum to Agreement of Sale on Monday Jan. 16, which replaced the previous Oil, Gas and Mineral Rights Addendum to Agreement of Sale.
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This sale is the first step in PAR’s process of moving to an exclusively electronic forms delivery method.
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The first change to PAR’s Agreement of Sale is the addition of a new paragraph 9 called Change in Buyer’s Financial Status. This new language requires a buyer to inform a seller if the buyer’s financial status has changed in any way that would affect the buyer’s ability to purchase the property.
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Four updated Agreement of Sale contingencies have been released. These forms were reviewed for relevancy and to ensure they function appropriately with the Agreement of Sale.
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Updated versions of four forms used to define the broker/client relationship have been released. These forms were reviewed for relevancy and to ensure they are meeting Realtors®’ needs on a regular basis.
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Realtors® will soon notice a change in four forms used to define the broker/client relationship. These forms are reviewed for relevancy and to ensure they are meeting Realtors®’ needs on a regular basis.
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The agency types have been moved to the beginning of the form and are now in a paragraph format to improve the readability of the form. A space to fill in the license number has been added to clearly identify the licensee. There has been no change to the Oral Consumer Notice or the...
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Lately we have been seeing bidding wars for real estate. Some have fetched more than 25 percent over the asking price.
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A two-year study of water wells across the state recently released its findings. The report gives us cause to smile and frown.
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Tuesday, Feb. 7, 2012
