Get detailed changes by clicking on link below.
There are quite a few forms changing January 1st. Please take notice and update your templates (ZipForms) or your defaults (DotLoop). In DotLoop, the form sets will automatically be updated, but if you had default language in certain fields on a new form, the will fall off and will need to be reset.
The TAR Sellers Disclosure now has some new questions. If you have an ACTIVE listing, you will need to get the seller to update the disclosure with the new form. If the property is under contract as of Jan 1st, no update is required. If you’re making an offer on another brokerage’s listing after today, you will need to request that the seller use the new form.
Here is a list of forms changing: (Click here for detailed changes.)
|1101||Residential Real Estate Listing Agreement, Exclusive Right to Sell|
|1102||Residential Real Estate Listing Agreement, Exclusive Right to Lease|
|1201||Farm & Ranch Real Estate Listing Agreement, Exclusive Right to Sell|
|1406||Seller’s Disclosure Notice|
|1414||Information About Special Flood Hazard Areas|
|1501||Residential Buyer/Tenant Representation Agreement|
|1608||New Residential Condominium Contract (Complete Construction)|
|1609||New Residential Condominium Contract (Incomplete Construction)|
|1912||Notices Regarding Contingency Under Addendum for Sale of Other Property by Buyer|
|1936||Approximation of Buyer’s Closing Costs|
|2003||Residential Lease Application|
|2005||Extension of Residential Lease|
|2006||Residential Lease Inventory and Condition Form|
|2011||Residential Lease for a Multi-Family Property Unit|
|2201||Residential Leasing and Property Management Agreement|
|2205||Addendum for Authorization to Act for Owner Before Owners’ Association|
|2208||Notice Terminating Right of Occupancy|
|2210||Notice to Tenant of Change in Management and Accountability for Security Deposit|
Information provided by Real Estate Business Coach, Jeremy Williams of Keller Williams Realty The Woodlands and Magnolia. For more information about becoming a Realtor with Keller Williams Realty, fill out the form in the sidebar of this blog.