The Mid Year Revision & additions of C.A.R. forms are about to hit your Zipforms account.
The forms are scheduled for a June 2020 release. Depending on the comments received, and other priorities, CAR reserves the right to postpone the release date to December 2020 or take some other action.
The New RPA which was set to release in December of this year, will now be released December of 2021 due to the impact of Covid-19. Suggestions and comments on the revisions can still be submitted to firstname.lastname@example.org
This Quick Summary Guide will give a short explanation of the June changes and are redlined in the forms linked below
In case you haven't seen the newest from C.A.R. They have just released more forms regarding the Covid-19 crisis.
These forms are related to Listings regarding property showings and pre-sale activites (Form RLA-CAA), a Property Entry Advisory (Form PEAD), a Notice of Unforeseen Circumstances (Form NUCC) dealing with issues of loan, loss of income, difficulties, scheduling inspections, etc.
Also find guides below to navigate completing Agent Visual Inspections, and real estate in general, as well as a live webinar for April 2nd regarding the use of these forms.
The recent events surrounding the spread of the Covid-19 strain of the coronavirus has led to many questions about the continued enforceability of real estate contracts under the circumstances. Rather than risk an uncertain outco...
CAR has just released an open house guide found below, as well as a new form called the Coronavirus Addendum/Amendment (Form CVA). It is now available in zipForm to use in your transactions. The form provides that when circumstances related to the coronavirus are affecting the closing date the Buyer and Seller agree to extend escrow for a default of 30 days. There is also an optional clause where the buyer and seller can mutually agree to cancel the Agreement and an additional optional clause where the buyer or seller can cancel even after removing the loan contingency if inability to fund is caused by Covid-19 related loss of income.
At C.A.R., we are trying to keep REALTORS® informed about how COVID-19 impacts you and your clients. Our biggest priority is making sure you are taking e...
While there are not any real changes as far as the basics and verbiage, the structure has changed quite a bit. Going from 10 to 16 pages, the new agreement has broken down the first few pages of the current purchase agreement into a dizzying amount of smaller sections and columns, each pertain...
The year 2020 is now upon us—and word of advice, DO NOT abbreviate 2020 when signing any legal documents. Police have warned that anyone signing important documents or checks with an abbreviation of 2020, i.e. "20," could put themselves at a high risk of fraud. Writing out the date in full, as 2020, on legal documents and checks is highly recommended.
Why not abbreviate 2020?
By writing out the date as 01/01/20 (January 1, 2020), the date can be fraudulently changed to 2019, 2021, or any other date in this century.
Instead, make sure when you're dating documents in 2020 that you write the year out in full, to protect yourself against fraud.
This problem is specifically unique to year 2020, as abbreviating 2019 as "19" could only be changed to a date in the 1900s and abbreviating 2018 as...