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Standard Forms
Use the Agreement of Sale, the whole Agreement of Sale
I’m currently defending a broker and her salesperson in a failure-to-disclose lawsuit. My client -- a buyers’ agent -- has been accused of failing to tell her clients that mold is not an unusual environmental condition and that they have a right to test for its presence. »
9 Comments »Megan’s Law Q&A: Duty to disclose?
Legal Hotline callers want to know whether licensees have a duty to determine the presence of Megan’s Law registrants and whether the answer changes depending on the status of the licensee as a buyer’s or seller’s agent. »
2 Comments »¿Se habla Español?
PAR has translated many of its forms, including the new Agreement of Sale (ASR) into Spanish for REALTORS® to use as a reference when working with Spanish-speaking clients. These reference copies may not be used in transactions but can be used to allow Spanish-speaking clients to read the forms in their language. »
No Comments »Lead-paint renovations require certified contractor
New EPA rules require contractors doing home repairs on homes built prior to 1978 to take specific training in lead paint-safe practices as of April 22, according to Dale Kemery, spokesperson for the U.S. Environmental Protection Agency (EPA). »
2 Comments »Myths surround deposit money
PAR staff has recently seen an increase in the number of questions regarding the handling of deposit monies. Let’s look at some of the common myths about deposits and set them straight. »
3 Comments »Agreement of Sale expected to ship March 1
Electronic vendors have started to post the e-forms and all vendors are expected to have the new form online by March 1. The previous ASR is still acceptable to use for transactions. »
6 Comments »Orders being taken for new Agreement of Sale forms
The new PAR Standard Agreement for the Sale of Real Estate (ASR) is set for release in mid-to-late January. Print forms are now available for preorder and the electronic version will be available from the electronic form vendors around January 15. »
1 Comment »New Agreement of Sale reflects changes to inspections, mediation
The revised form was recently approved by the PA Association of REALTORS®’s Standard Forms Oversight Committee and will require final changes prior to its publication. »
6 Comments »Are you chicken?
A recent article suggests that buyer agents are "too chicken" to aggressively qualify prospective buyers and weed out the ones who aren't motivated and/or qualified to buy. What PAR form can help determine if you want to work with a buyer? »
No Comments »RELRA amendments mean two key changes
For the past several years, PAR has been working to amend the Real Estate Licensing and Registration Act (RELRA) in two key areas. In early July we helped to pass what is now Act 14 of 2009, which takes effect on September 4, 2009. »
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