Tag Archive

Podcast: New Agreement of Sale will be available later this month

By Samantha Elliott Krepps

REALTORS® who have reviewed the document are pleased with the revisions, according to Mike Barth, PAR’s standard forms specialist. In part two of our series, Barth discusses the changes to the form regarding inspections and deposits. »

Podcast: Changes apparent in PAR’s Agreement of Sale

By Samantha Elliott Krepps

In part one of our series, Mike Barth, PAR’s standard forms specialist, discusses some of the more apparent revisions. »

When the listing agent is stuck in the middle

By Doug Oberholser, Esq.

A divorcing couple has listed their home for sale. Shortly after listing it, their agent finds a buyer and the couple signs an agreement of sale. Then, unbeknownst to the agent, the husband enters into a side agreement with the buyer. When the agent asks about the nature of this agreement, the husband refuses... »

Orders being taken for new Agreement of Sale forms

By Kim Shindle

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. »

New Agreement of Sale reflects changes to inspections, mediation

By Kim Shindle

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. »

Podcast: Understanding the new short sale forms

By Samantha Elliott Krepps

In this economy REALTORS® are facing new experiences when selling homes. One method is the short sale. Mike Barth, PAR’s Standard forms specialist, discusses the new short sale forms and how they differ from traditional sales forms. »

Transferring licenses and its effect on pending deals and listings

By Karen Miller, Esq.

A recent Legal Hotline caller was concerned with what would happen to her pending listings and executed Agreements of Sale that had not yet settled when she transferred her license from Broker #1 to Broker #2. Can she take the listings with her to Broker #2? Is she entitled to a commission for those... »

The next few months could be tough

By Samantha Elliott Krepps

The reality is that the next few months are going to be tough for the national economy, unemployment and the real estate industry. If you attended Dr. Austin Jaffe’s seminar at Monday’s PAR Business Meetings you have probably figured that out. »

Can two words change an entire Agreement of Sale?

By Karen Miller, Esq.

The PAR Hotline fielded an interesting call last week regarding disclosures, inspections and the Agreement of Sale. The buyers’ agent received a counteroffer, signed by the sellers, that made one seemingly small change to the offer – the sellers added the words “As Is” in the Special Clauses paragraph of the Agreement of Sale. »

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