Be prepared for major changes in Real Estate transactions and buyer representation that roll out this summer.
Updated July 10th, 2022.
Why did the Practice Change on August 17, 2024?
PSAR Training Zoom and Local
Nikki Coppa Vice Chair of C.A.R. Forms will host and update on Zoom on July 18th at 1 PM. Recording available week of July 22nd.
Join Broker Rick Hagen for two three-hour classes where he will take deep dives into:
- Forms & Function of the Residential Listing Agreement (RLA)
- July 24th, 11-2 (Register Here)
- Forms & Function of the Buyer Representation & Broker Compensation Agreement (BRBC)
- July 23rd 11-2 (Register Here)
PSAR, CAR, and NAR offer educational resources to Realtors that target their need to quickly learn about policy and procedural changes and how to conduct business in the real estate marketplace after August 17 of this year. (Note: NAR or CAR login is required to access many of these member benefits)
Get up to speed on C.A.R. forms updates and how to utilize the revised versions in your business transactions.
CAR Town Hall Meetings (Register Here) (Recording Available Now 7/19/2024)
CAR Form Training Free for members use code FORMS49 (Register Here)
C.A.R. New Forms & Business Practice Resources (Updated July 19, 2024)
- Forms and resources
- News and Statements
- Legal Presentations & Townhalls
- Courses & Training Video
- Designated Email Address for Forms Questions: july2024forms@car.org
July 10, 2024 Forms release List of new & revised FORMS RELEASE:
(note: items with an asterisk indicate new forms)
-
- Broker Compensation Advisory (BCA)
- Buyer Financial and Personal Information (BFPI)*
- Buyer Identification of Preferences and Priorities (BIPP)*
- Buyer Material Issues for a Specific Property (BMI-SP)*
- Buyer Representation and Broker Compensation Agreement (BRBC)
- Cancellation of Buyer Representation (COBR)
- Modification of Terms – Buyer Representation Agreement (MT-BR)*
- Modification of Terms – Listing Agreement (MT-LA)*
- Multiple Listing Service Addendum (MLS)*
- Notice of Broker Involved Properties (NBIP)
- Open House Visitor Non-Agency Disclosure and Sign-In (OHNA-SI)*
- Property Showing and Representation Agreement (PSRA)*
- Residential Listing Agreement (RLA)
- Residential Purchase Agreement (RPA)
- Seller Payment to Buyer’s Broker (SPBB)
- Tenant Representation and Broker Compensation Agreement (TRBC)*
- Other listing agreements and purchase agreements have also been conformed to the changes to the RLA and RPA, respectively.
Latest updates from NAR
- NAR Settlement FAQs: More info.
Fine-tune your knowledge and skill set by attending a FREE Accredited Buyer's Representative (ABR) class.
If you missed the live PSAR l ABR class, the NAR offers two free alternatives:
Latest updates from CRMLS
- CRMLS resources, policy changes, Concessions Field, and a video from the CRMLS attorney: More info.
- Compensation is to be removed from CRMLS on August 13th.
- A summary of information about the NEW CRMLS Concessions Field from PSAR is here.