KCRAR 2021 Resale Contracts - Instructor - RENEE RYAN, CRS, CSP, CRB - Kansas City Regional ...
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KCRAR
2021 Resale Contracts
Instructor – RENEE RYAN, CRS, CSP, CRB
RENEER@REECENICHOLS.COM
2021 Resale
Contracts, Timelines,
Loopholes, and
Common Issues
This is not a “how to fill out the form” but
what the forms are intended to cover,
changes and things to watch out for to
keep your clients under contract with no
loss.
2
I AM A FORMS JUNKIE BUT NOT AN ATTORNEY!
I am here to assist with “Implied Terms of the Contract”.
YOUR BROKER IS YOUR SUPERVISOR!
KCRAR Forms Committee - ATTORNEYS, INSURANCE, LENDERS,
TITLE AND INSPECTORS WERE ALL CONSULTED
The committee meets monthly!
3
2021 FORMS CHANGES
Copyright date on all residential forms have been updated to “2021”.
Additional Disclosures Including Those Mandated by State or Federal Law
Paragraph 3; updated the URL for the Kansas Offender search.
Reformatted from 3 pages to 2 pages.
Buyer’s Estimated Expense Worksheet
Removed “AT CLOSING” at the end of line 44 to eliminate confusion.
Contingency for the Sale and Closing Addendum
This form has been significantly revised and is essentially a new form.
Please review the form in its entirety.
CONTINGENCY FOR SALE
CONTINGENCY FOR SALE
CONTINGENCY FOR SALE
2021 FORMS CHANGES
Counter Offer Addendum
Paragraph 1; removed the list of preprinted addenda and added instructional text
with check boxes and blanks to add addenda or remove addenda in the Counter
Offer.
Paragraph 2; in the Earnest Money section, added a checkbox for Electronic
Funds Transfer and reformatted this section. The same changes were repeated in
the Additional Earnest Money section immediately below.
Exclusive Agency Listing Agreement
Line 2, added “Indicate Marital Status” for Seller and reformatted blanks in the first
9 lines of the form.
Paragraph 2g, removed “by a smart phone or computer” from the statement
where Seller is to provide codes and passwords for all electronic systems or
components.
2021 FORMS CHANGES
Exclusive Agency Listing Agreement
Line 2, added “Indicate Marital Status” for Seller and reformatted blanks in the first 9 lines of the
form.
Paragraph 2g, removed “by a smart phone or computer” from the statement where Seller is to provide
codes and passwords for all electronic systems or components.
Exclusive Buyer Agency Contract
After “BUYER” at top of the form added “Indicate Marital Status”.
Paragraph 6; updated the URL for the Kansas Offender search.
Minor capitalization, spacing and punctuation changes made in various areas of the form.
Exclusive Right to Sell Contract
Line 2, added “Indicate Marital Status” for Seller and reformatted blanks in the first 9 lines of the form.
Paragraph 2h, removed “by a smart phone or computer” from the statement where Seller is to provide
codes and passwords for all electronic systems or components.
Exclusive Right to Sell – Transaction Broker
Line 2, added “Indicate Marital Status” for Seller and
reformatted blanks in the first 9 lines of the form.
Paragraph 2h, removed “by a smart phone or computer”
from the statement where Seller is to provide codes and
passwords for all electronic systems or components.
Kick-Out Notice/Notice of Backup Contract
This form had significant changes and reworked to be
compatible with the updated Contingency for Sale and/or
Closing Addendum.
2021 FORMS Kick-Out Notice Response
CHANGES This form had significant changes and reworked to be
compatible with the updated Contingency for Sale and/or
Closing Addendum.
Non-Exclusive Buyer Agency Contract
After “BUYER” at top of the form on line 2, added “Indicate
Marital Status”
Paragraph 6, “home” and “homes” replaced with “property”
and “properties”
Minor capitalization, spacing and punctuation changes
made in various areas of the form.Private Office Exclusive Listing Contract
Line 2, added “Indicate Marital Status”
for Seller and reformatted blanks in the
first 9 lines of the form.
Paragraph 2f, removed “by a smart
phone or computer” from the
statement where Seller is to provide
codes and passwords for all
2021 FORMS electronic systems or components.
CHANGES Real Estate Contract - Land
Paragraph 6; in the Earnest Money
section, added a checkbox for
Electronic Funds Transfer and
reformatted this section. The same
changes were repeated in the Additional
Earnest Money section immediately
below.Real Estate Sale Contract - Residential
Paragraph 1; In the list of preprinted items, reworded
“Attached and all bathroom mirrors” be to “Bathroom vanity
mirrors, attached or hung” and reordered the items on the
preprinted list.
Paragraph 1a, removed “by a smart phone or computer”
from the statement where Seller is to provide codes and
passwords for all electronic systems or components upon
closing.
Paragraph 4; in the Earnest Money section, added a
checkbox for Electronic Funds Transfer and reformatted this
2021 FORMS section. The same changes were repeated in the Additional
Earnest Money section immediately below.
CHANGES Paragraph 8d; removed the “/” in the blank so now the blank
is one long field for either one lender name or two, if a
second mortgage involved.
Inspections Paragraph 13-line 467; inserted the following
text: “If the Property is governed by a homeowner’s
Association, it is recommended that BUYER determine the
HOA funds on hand for expenditures and funds allotted for
specific projects.”
Line 860; changed field label “Selling Licensee’s Phone #”
to “Selling Licensee’s Contact #”Real Estate Sale Contract – New Homes
Paragraph 14; added the following text: “For Missouri
properties only: Under Missouri law, in the event BUYER is
offered and accepts in this Contract an express warranty by
SELLER or through a third party warranty company paid for
by SELLER, BUYER understands: THIS CONTRACT,
MERCHANDISE AND PROPERTY CONVEYED UNDER
THIS CONTRACT AND THE TRANSACTION BETWEEN
THE SELLER AND BUYER IS EXCLUDED FROM
COVERAGE UNDER THE MERCHANDISING
PRACTICES ACT, SECTIONS 407.010 TO 407.130,
REVISED STATUTES OF MISSOURI.”
2021 FORMS Paragraph 16; in the Earnest Money section, added a
checkbox for Electronic Funds Transfer and reformatted this
CHANGES section. The same changes were repeated in the Additional
Earnest Money section immediately below.
Paragraph 20, After the checkbox for Cash Sale replaced
the text to match that of the Residential Sale Contract:
“BUYER must provide written verification of funds within
____ calendar days (five (5) days if left blank), after the
Effective Date, which are sufficient to complete the Closing
on this Contract.”
Paragraph 20d; removed the “/” in the blank so now the
blank is one long field for either one lender name or two, if a
second mortgage involved.Seller’s Disclosure Addendum – Residential
On line 1 after “SELLER” added “(Indicate Marital Status)”
Paragraph 8; added new question with yes and no checkboxes:
“Any problems with windows or exterior doors?
Paragraph 8h; added a “NA” checkbox.
Paragraph 10e; added “Number of Tanks” with a blank after
Septic System option.
Seller's Disclosure Paragraph 19; statement refers to the
Residential Real Estate Sale Contract Paragraph 1a and 1b. In
2020 a new paragraph 1a was added to the Contract, so the
2021 FORMS reference in the Seller's Disclosure was revised to the Contract
Paragraphs 1b and 1c.
CHANGES Paragraph 19; In the list of preprinted items, reworded
“Attached and all bathroom mirrors” to be “Bathroom vanity
mirrors, attached or hung” and reordered the items on the
preprinted list.
Paragraph 19; In Fireplace section added a blank line after each
of the two “Other”.
Paragraph 19; Added words “Swing set” in front of Playset
Paragraph 19; Added “Boat Dock” along with a space for dock
ID Number.
Paragraph 19; Added “Camera-Surveillance Equipment” and
“Generator” to listSeller’s Disclosure Addendum for Condos
On line 1 after “SELLER” added “(Indicate Marital Status)”
Paragraph 7; Added new question with yes and no
checkboxes: “Any problems with windows or exterior doors?
Paragraph 8h; added a “NA” checkbox.
Paragraph 19; In the list of preprinted items, reworded
“Attached and all bathroom mirrors” be to “Bathroom vanity
mirrors, attached or hung” and reordered the items on the
2021 FORMS preprinted list.
CHANGES Paragraph 19-line 313; changed “(except h)” to “(except i)”.
Seller's Disclosure Paragraph 22: Statement refers to the
Residential Real Estate Sale Contract Paragraph 1a and
1b. However, in 2020 a new Paragraph 1a was added to
the Contract, so the reference in the Seller's Disclosure
revised to Contract Paragraphs 1b and 1c.
Line 417; changed “salespeople” to “Licensees”.
Minor capitalization, spacing and punctuation changes
made in various areas of the form.Seller’s Disclosure Addendum for Land
On line 1 after “SELLER” added
“(Indicate Marital Status)”
Minor capitalization, spacing and
punctuation changes made in various
2021 FORMS areas of the form.
CHANGES
Seller’s Estimated Proceeds
Worksheet
Line 36; Removed “his” where it is used
twice in this sentence.Review and Explain the Contract
“This is what you are offering, but just so you
can understand the possible Counter Offer if or
when it comes in, here is why”.
• Be knowledgeable
• Set Expectations
• Be ready to explain concerns
• Reduce Fear
19Contract is a Timeline Give your client a visual approach
If you do not have a signed Listing Agreement
STARTING with a Seller, can you market or try to sell
their home?
WITH NO
It’s the same with Buyers.
AGENCY You are NOT THEIR AGENT unless you have a
SIGNED AGENCY AGREEMENT.EXPLAIN AGENCY from the beginning!
AGENCY DISCLOSURE
• NOW IN WRITING ABOVE AGENCY BOX: BOTH SIDES MUST BE
FILLED IN PRIOR TO ANY SIGNATURES AT THE BOTTOM.
• You can get the Seller’s Agency in MLS.
• If you are ASSISTING an UNREPRESENTED Customer, then the Agent
must sign BOTH SIDES.
• Assisting does not imply Agency! (like on the Lead Paint Disclosure)
• You may have more than one box checked-each side!
• If you are the only Agent in the Transaction, YOUR AGENCY MUST
BE THE SAME ON BOTH SIDES.
• Commission box at bottom, only fill in if your side has it!
24HUNT AND GATHER Prior to going under contract, gather as much information as possible! Review Sellers Disclosure with Buyers for what might be a FLAG to not getting: • Insurance • Passing Inspections • Loan Approval/Work Requirements Did you explain TILA/RESPA? TRID STANDS FOR TILA-RESPA Integrated Disclosure Rule (replaced the HUD-1)
NAR RECOMMENDS PLANNING FOR 45-60
DAY CLOSINGS
Things to look at before deciding number of days to Closing:
• how many days for inspections,
• days to renegotiate,
• loan commitment (45 days from Effective Date or 5 Days
prior to closing is default)
• a “First Right of Refusal” to serve to neighbors, to figure
for how many days inspections, etc., to be estimated?
• Is this a Short Sale?JUST SAY
“NO” TO • If end of month closing is delayed, the Seller
END OF may have the expense of another full
month’s interest if FHA payoff.
MONTH
CLOSINGS! • Title companies and loan companies can’t
Why? always adjust if delayed!
28INSPECTIONS When planning the amount of time for Inspections on the Contract: • Did Buyers check to see if Inspector could get in at that time? IE is it a Holiday? • Could all Inspections be completed? • Are all of Sellers items clear for Visual & Physical Access to Inspections?
EARNEST MONEY • How soon will you be able to deliver the Earnest Money Check? • Were enough days written in for Delivery on Contract, if not Defaulted at 3 Days? • Do you have a copy of the Contract to Deliver it with Check, if needed?
• If you don’t receive earnest money, do you
have a contract?
WHAT IF NO • YES! They would just be in default. Contract
EARNEST terms say Seller CAN Cancel if not received.
MONEY IS
DELIVERED? • But if they don’t get E.M.to you, the
REALTOR could be in violation of
MREC/KREC rules. Keep a paper trail that
you tried to get it.
31EARNEST MONEY ON SHORT SALES Are you going to collect Earnest Money on the Contract? Don’t write in EM if you don’t want to deposit it by the Real Estate Commission guidelines. Add it to Additional Terms and Conditions to be collected after the written approval by lender. The Short Sale Addendum does not imply the EM gets deposited after written approval of Seller’s Lender, only Buyer can delay Inspections and Appraisals. It can be written in to be collected later, after written approval. REMEMBER CONTRACT IS BETWEEN SELLER AND BUYER, NOT LENDER.
• Remember the term, “It takes only one to
buy, but two to sell”? That is still true!
Even if spouse is not on title! They must be
on Contract/Agency!
CHECK • Pre-Nups are not recognized in Deed
transfers.
SELLER • Never assume Marital or Corporate, LLC
MARITAL status or who signs!
STATUS • JUST NOT SURE?
• Ask your closer who must sign the deed.
• Make sure the contract matches the deed.
33• Once the FINAL SIGNATURES OR
INITIALS ARE COMPLETED, your
contract will be considered
effective!
• This effective date starts the
UNDER timeline racing!
CONTRACT
• 10 days for inspections and 5
days for an offer to renegotiate.
Should it happen?
• Do you need a shorter number of
days if closing in fewer than 45-
60 days?SETTING EXPECTATIONS Sellers must disclose KNOWN material defects! This includes house flippers too! • At the time of Contract, Seller confirms information in the Seller’s Disclosure is current as of the Effective Date. • Seller understands that the law requires disclosure of any material defects, known to Seller(s) in the property to prospective Buyer(s) and that failure to do so may result in civil liability for damages.
EXPLAIN IMPORTANCE OF DOING
INSPECTIONS & TIME NEEDED TO DO THEM
• Everyone needs to do an inspection because you don’t know
what you are buying otherwise! Once you close, It’s yours!
• YOUR LENDER OR WARRANTY WILL NOT COVER PRE-EXISTING
CONDITIONS!
• Set the expectation to Seller of time it takes for a whole house
inspection(s).No “Lemon Law” or Right of Refusal after closing on purchases! • GET THEM TO SIGN ADDITIONAL DISCLOSURE, IF POSSIBLE, IF BUYERS DON’T WANT TO DO THEM. • Check out Seller’s Disclosure to look for things that may delay start time on Contract too! • Use TIMELINE!
REVIEW DISCLOSURE BEFORE SUBMITTING OFFERS WITH CLIENTS • Insurance Companies can look for reasons to deny coverage on homes. • Look for red flags prior to submitting offers! • May save inspection & appraisal costs • HERE ARE A FEW…
ISSUES / RED FLAGS
• 3 layers of shingles ON ROOF
• Comp over shingles ON
ROOF
• NO 20+ YEAR OLD ROOFS
(unless proof of high value)
• No tree limbs on roofs
• No large cracks on driveways
or walkways
• Asbestos sidingISSUES / RED FLAGS
• FURNACES - if 20+ years old,
must show regular
maintenance records & it’s
“thermostatically
controlled”
• Pellet stoves CANNOT be
only heat source & need
specific installation rules
• ELECTRIC - must have a 100
amp minimum service and
NO KNOB TUBE wiringISSUES / RED FLAGS
• Disclose previous claims or non-
disclosure could be fraud,
especially if payout and no work
done! (Previous fire)
• FLOOD AREAS - call the lender
to check FEMA flood maps
• Dogs-check city lists, many don’t
want pit bulls, and I heard of one
that said if it was less than 50%
they would be ok, so agent paid
for dna test ($350) and it
worked! Dog was 48% pit bull
and sold them the home!RECOMMEND GETTING INSURANCE DURING INSPECTION PERIOD • Just remember to check with the Insurance Company QUICKLY about insurability. • Insurability is not guaranteed, depending on many factors and change all the time. • 2 of 12 Underwriters had much higher rates if Driving Record is bad!
VERBAL OFFERS
• Are they legal?
• Are they enforceable?
• Can text messages & email hold
up as contract acceptance?
• WHO WILL LOSE? GAIN?
• Just DON’T DO IT!
44Set the expectation about
the buying process. Federal
regulations make people
much more liable for giving
someone a loan! And it takes
NOW, Talk to LONGER!
them about
the Lending Things NOT to do?
Process Google “3 Sheets Terry
Watson”
or email request to me at
reneer@reecenichols.com
45• If TODAY is Effective Date,
HOW TO
• then TOMORROW IS FIRST DAY
COUNT DAYS
IN CONTRACT • The Seller does NOT have to give more time!
• PLAN IN ADVANCE for Buyers Inspection Needs.
46DOES OFFER REQUIRE SELLER TO DO
REPAIRS?
The Seller does not have to do repairs!
With the exception of Termite Treatment, all Contracts are AS IS
with NO REQUIREMENTS to repair
unless otherwise negotiated.
47Wood Destroying Insects • THE SELLER AGREES TO PAY TO HAVE THE PROPERTY TREATED for control of infestation by wood destroying insects if a written inspection report of a certified pest control firm reveals evidence of ACTIVE INFESTATION or PAST UNTREATED INFESTATION or otherwise recommends treatment. • This includes main dwelling unit, additional structures if added to the contract, and a 30 foot radius or otherwise required by the FHA/VA lender.
AUDIT ISSUES OR FLIP CAUSES…
• Fill out the information in all blank areas, including coop agent
information.
• Earnest Money must be delivered within (3) days if left blank, or
Seller can Cancel!
• Allow time for delivery!
• Get the check to Escrow STARTING WITH EFFECTIVE DATE (not the
date check was delivered) WITH COPY OF CONTRACT! DELIVERY
TIME DOES NOT SUBTRACT DEPOSIT REQUIREMENT!1. Expiration date is adequate time for all
signatures or counter. YOU CANNOT ENFORCE
AN EXPIRED CONTRACT.
2. Deliver earnest money check by date on
contract.
CHECKLIST 3. Verify title/marital status of sellers.
4. Agency/brokerage relationships disclosure -
FOR correctly filled in prior to signatures - all parties
have signed/dated.
SUBMITTING 5. Initials/dates/signatures provided on lead paint
OFFER disclosure, if applicable.
6. Initials provided on all pages to the contract.
7. Verify type of financing and if written loan
commitment requirements can be met.
8. Sellers disclosure completed, initialed, & signed
by all parties. Remove from contract if no
disclosure.LEAD PAINT DISCLOSURE-EPA FORM • Top section – Seller initials - Do they or don’t they know about Lead Paint or have reports? • Buyer section - Buyer initials - Did they have reports? Did they get the form? Are they doing an inspection? • Back page - ALL SIGNATURES, INCLUDING AGENTS! If you are selling both sides, sign both sides! Assisting does not imply agency!
Attached Items listed
on Contract in Seller’s
Disclosure
SET THE EXPECTATION!
Seller must leave attached items
unless otherwise excluded (i.e.
bathroom mirrors, light fixtures,
window blinds, treatments,
mounting components, mounted
TV brackets).
If they want to keep items,
exclude/remove them before
marketing!
52THIS SUPERSEDES SELLER’S DISCLOSURE
53• If you ask for Personal Property
Don’t items, it may not be allowed by
Hide your Lender. Do not “hide” these
items by taking them off the
Inclusions Contract and putting them on a
“side” agreement on a Personal
from Property Addendum.
Lender! • This is perceived as FRAUD.
54• If Seller wants compensation for
items of value…
• Buyer and Seller can sign a
Personal Property Agreement or
HOW TO Bill of Sale. Buyer will pay Seller
separately for items and a “real
HANDLE IT value”, like in a garage sale.
• NOTE: $10 for a $1500
lawnmower may mean that buyer
can only get $10 in damages if
Seller doesn’t follow through.Great Liability Reducer! Limited Home Warranties
CLOSING & POSSESSION
• Closing & Possession Dates should not be
moved around unless in writing, even if it
says “on or before” in the contract.
• Seller must maintain the property, remove
all possessions & debris, and clean the
property upon giving possession.
57APPRAISAL VALUE CONTINGENCY
• Just because a Seller agrees to reduce price to
appraisal value, it doesn’t mean it’s done!LOAN APPLICATIONS
• You don’t have to be approved to submit an offer but it helps!
• If you lease/purchase you may not be able to until later.LOAN APPROVAL-WATCH OUT
LOAN APPRAISAL REQUIREMENTS •If you don’t have cost added in and you see repairs may be required to get the loan, your deal can flip!
UTILITIES AND MAINTENANCE
• Be sure to confirm in writing of the exchange on utility dates!
62PREVIOUS INSPECTION DISCLOSURES
• If the Contract flips due to Inspections, the Seller
must now DISCLOSE and SHOULD ATTACH the
inspections to the Seller’s Disclosure.
63RENEGOTIATE AFTER INSPECTIONS
• 10 Days from Effective Date to send an Inspection Notice, copy of
Reports and “Offer to Renegotiate”, if left blank.
• If closing in less than 45 days, shorten Renegotiation time if left blank
• If you DO NOT send this document on time, the Buyer is
acknowledging they are purchasing the home with no repairs.
• “Cover your Assets” by having them use Inspection Notice!INSPECTION NOTICE-DELIVER REPORTS
AND RESOLUTION OF UNACCEPTABLES
Unless property is accepted in its present condition, applicable written inspection
reports must accompany this notice!
The next 3 paragraphs:
• Box 1- Accept it As Is (with or without inspections) CYA
• Box 2- Cancellation of Contract by Buyer PRIOR to Expiration of Inspection
Period. Must attach all reports as well as a Cancellation.
• Box 3- Offer to Renegotiate; Must be done prior to end of Inspection Period;
Must attach all reports as well as Resolution of Unacceptable. This stops the
Inspection Period and starts the Renegotiation Period.
65RENEGOTIATION PERIOD • 5 Day default time allowing Seller and Buyer to decide what, if anything, gets done on Inspection Repairs. • ON THE 6TH DAY, EITHER PARTY CAN CANCEL THE CONTRACT!
RESOLUTION OF UNACCEPTABLE
CONDITIONS ADDENDUM
• It ends up here, either by repairs and/or by changes in price and/or
credits, as permitted by lender.
• Seller must provide proof of repairs if not being paid out of closing.
• Buyer may inspect work prior to closing.
• If Buyer does not receive response from Seller within the Renegotiation
period, Buyer has the right to send over a new section signed PRIOR TO
THE END OF THE RESOLUTION accepting the Property in its Current
Condition.
• The Seller does not have to sign for it to be Effective.
67PASSING THE RENEGOTIATION PERIOD TIME
• There is a cancellation risk with no possibility of
remedy BY PASSING THIS TIME.
• It doesn’t mean it has to cancel! Ask for an
extension of the five days if you think the other
party is really negotiating.
68Inspections, Access, Damage &
Quality of Repairs
• Just because the Buyer is under contract, it does not give them the right
to keep asking for access.
• “Seller must provide Buyer REASONABLE ACCESS to the Property to
Conduct the Inspections, re-inspections, inspection of any corrective
measures completed by seller and or final walk through prior to the
Closing Date”.
• Buyer is responsible for repairs of damage resulting from inspections –
Hire insured Inspectors!
69CHECK OUT TAX ASSESSMENTS NOW! Seller Proceeds or Buyer Qualifying may be high
SIGNATURE SECTION
• You will have the same area for signatures but notice
checkbox if seller is counter offering.
• Fill in spaces for the brokerage,address, agent phone, office
number and email.
• Be aware of details!
• Real estate commissions audit for blanks!
71Filled out by the licensee preparing
the form!
FORM
CERTIFICATION
States you are using the form
without changing it from the legally
accepted copy, other than
handwritten or computer-
generated changes.• Last paragraph can be provided by Licensee Assisting
the Seller, proving that the Offer was Presented and
Refused by the Seller. The Seller MAY sign, but does
REFUSAL OF not have to.
OFFER • The Licensee MUST sign and return if requested by
Licensee assisting the Buyer.
• If it was revealed that the agent signed this without
presenting the offer, there could be serious
implications to their license!CONTRACT COMPLIANCE Importance of processing Canceled files All files are required to be processed as if they will close. All of the required documentation needs to be accessible when the file is turned in. This includes Contract, Right to Sell, Buyer Agency, Business Disclosures, and all other documents relative to the transaction.
• This Amendment form is for use in changing the
terms of an EXISTING CONTRACT.
• IT IS NOT INTENDED FOR USE AS PART OF AN OFFER
AMENDMENT OR COUNTER OFFER DURING NEGOTIATIONS”.
• To help you out, the U.S. Constitution came first, and
then when they went to change it, they had to
AMEND.“This ADDENDUM is an ATTACHMENT to
an Offer, Counter Offer or Changes &
Modifications DURING NEGOTIATIONS.
IT IS NOT INTENDED FOR USE AS AN
ADDENDUM AMENDMENT TO AN EXISTING
CONTRACT.”
“ADDendum” is when you run out of
space and need to ADD terms to
something you are negotiating.
76IN ITS PRESENT CONDITION ADDENDUM • Termite treatment by Seller is required if option 1 is selected. • Language was added to option 2 clarifying that BUYER is waiving the right to renegotiate pursuant to inspection provisions of the contract. • No termite treatment by Seller is required if options 2 or 3 are selected.
CANCELLATION AND MUTUAL RELEASE AGREEMENT
MANY MORE… • Occupancy Prior To Or After Closing Addendums • Contingency Sale/Closing Buyers Prop. • Septic Tank Addendum • Pet Addendum • Real Estate Rental Listing Agreement • Land/Condo/Residential Sellers Disclosures • Short Fall/Short Sale Addendum
THANK YOU FOR ATTENDING! Knowledge is Power!
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