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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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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All sales of printed standard forms will end by July 1, 2012 as a result of a year-long review of print and electronic forms. Business Services for Real Estate (BSRE) Board of Directors announced the changes at the PAR Business Meetings on January 26.
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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.
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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).
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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.
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