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Your Guide to the June 2017 Forms Release

Release Date: June 26th

16 FORMS HAVE BEEN UPDATED

FOR 6 OF THESE THE PRIOR VERSION CANNOT BE USED

INCLUDING: LEASE & LISTING AGREEMENT, TRUST & REO ADVISORY

FIRPTA & QS FORM NO MORE ARBITRATION LEASE AGREEMENT

Default is that escrow has ..On Listing Agreements. Added references to bed bugs

Seller's SSN on file & Escrow If Broker or Seller want to and water submeters.

will provide a Qualified Substitute incorporate binding arbitration Overhaul to cancellation process

OR Seller fills out SSN, gives to into the listing agreement, Updated language re:photos,

buyer, Buyer gives to escrow they must sign a separate ARB smoking & short term rentals.

who signs QS confirming receipt. (Arbitration Agreement Form). All 4 new forms incorporated here.

PROPERTY MGMNT AGREEMENT TRUST & REO ADVISORY STATEWIDE B/S ADVISORY

Optional arbitration removed. Reorganized so requirements Added paragraph summary, info

Landlord "disclosures" in on place. come first & exemptions last. on title reporting on shell co's. new

Owner to confirm that all required Includes language on Water language on drones, short term

permits and approvals are in order Conserving Plumbing Fixtures rentals and accurate sale pricing.

4 NEW FORMS (all included in lease agreement)

BBD Bed Bug Disclosure

CLR Cancellation of Lease or Rent

PPN Pre-Possession Notice to Tenant to Pay

WSM Water Submeter Addendum

For a complete list and examples of revised forms you can find them here.......

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