As noted in last week’s Broker Corner2021-gar-contract-changes-part-1.html, the 2021 GAR contract changes are final. Last week the changes to the Listing Agreement were summarized. This week we will cover the changes to the Buyer Brokerage Agreement and the Purchase and sale Agreement. For additional detail, please see the RMAA Hub Resources Library for a Power Point of Missy Robinson’ s class on the changes. The new forms can also be found in the Resources Library. There will be additional classes on the changes to the forms. We highly recommend that you register and attend!
Important changes to the Buyer Brokerage Agreement:
Important Changes to the Purchase and Sale Agreement:
Note that there are other miscellaneous changes in the Purchase and Sale Agreement, including renumbering and content location changes. Please review the new Purchase and Sale Agreement before using it.
There are miscellaneous changes and updates to the New Construction PSA and the New Construction Exhibit.
There are several new forms that are welcome additions to the GAR Forms. Please review them.
Next week we will summarize changes to Disclosures, Exhibits and Authorization.