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Archive for April, 2007

*Updated* Buyer Agency AgreementThe New Hampshire Association of REALTORS has updated their Buyer Agency agreement to reflect the recent New Hampshire real estate commission rule changes on Dual Agency. I covered these changes in my blog post Dual Agency Alive and well in NH  if you need an update on the changes.

This link to the sample new form  Exclusive Buyer Agency Agreement  is in PDF format and the changes are highlighted for easy reading.

The important thing to remember is that the section (7) on Disclosed Dual Agency form was expanded and an opt in or out was added for buyer to consent or deny consent for dual agency showings with a separate dated signature line or a box for agency to check if they do not practice dual agency as required per rule changes [404.04(c), 701.01(f)(2)].

Also added to section 8 was a statement  to reflect the changes to the Code of Ethics Standard of Practice 1-13 reflecting the sellers ability to potentially disclose terms of an offer to competing buyers.


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*Updated* Exclusive Agency and Exclusive Listing Agreement
The New Hampshire Association of REALTORS has updated their Exclusive Agency and Listing Agreement this link brings you to PDF sample form with changes highlighted for easy reading.

The important changes are to the Dual Agency section.

The Disclosed Dual Agency section was removed from cooperation section #3 and given its own section #4.

This section 4 includes information about disclosed dual agency and an opt in or out for the seller to consent or deny consent for dual agency showings with a separate dated signature line or a box for agency to check if they do not practice dual agency [404.04(c), 701.01(f)(2)]. The changes closely reflect the changes to the Buyer Agency agreement I posted.

 

www.monikamcgillicuddytrainer.com

*Updated* Exclusive Agency and Exclusive Listing Agreement
The New Hampshire Association of REALTORS has updated their Exclusive Agency and Listing Agreement this link brings you to PDF sample form with changes highlighted for easy reading.

The important changes are to the Dual Agency section.

The Disclosed Dual Agency section was removed from cooperation section #3 and given its own section #4.

This section 4 includes information about disclosed dual agency and an opt in or out for the seller to consent or deny consent for dual agency showings with a separate dated signature line or a box for agency to check if they do not practice dual agency [404.04(c), 701.01(f)(2)]. The changes closely reflect the changes to the Buyer Agency agreement I posted.


www.monikamcgillicuddytrainer.com

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*Updated* Dual Agency Consent Agreement.The New Hampshire Association has made some crucial changes to their Dual Agency Consent Agreement  to reflect the required Rule changes that the New Hampshire Real Estate made.

Rule change go into effect on May, 1 2007. Changes to the consent agreement are linked to a PDF form with changes highlighted courtesy of NHAR.

Dual Agency Informed Consent Agreement
Changes Include: 

Addresses of parties and Agency added [per 404.04(k)(3)].

New section 4 listing disclosed dual agent’s duties [per 404.04(k)(4) – excerpted from RSA 331-A:25-d II]

Expiration date of dual agency informed consent agreement added [404.04(k)(6)] and a statement that it shall not be extended beyond the term of the buyer agency or listing agreement [404.04(k)(5)].

All forms will soon be available on True Forms.

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