2025 ADDENDA PACKAGE
O R D E R F O R M
E X P L A N A T I O N
Highlights of the 2025 update:
- Comply with the Antitrust Settlement
- Match DORA’s new forms and
- Provide a one-page Buyer Broker Compensation Agreement. This one-pager makes it easier for brokers to obtain signed agreements in-lieu-of DORA’s experiment adding a third page to the Broker Disclosure to Buyer. Our one-page form:
- Eliminates the confusion from DORA combining three forms into one document (although brokers must still separately use the first two pages of the Division’s Broker Disclosure to Buyer form)
- Allows brokers to limit the Agreement to a small number of properties
- Permits disclosure of the compensation from the seller’s side, when known for a small number of properties, indicating that the buyer might pay $0.
- Eliminates a broker oriented and intimidating sentence in DORA’s experiment
In short, our form works much like the forms most of us routinely sign when we work with medical professionals. Watch this video, starting at 1:54, to learn more about this “Dentist Ageement” concept.
With the package, you receive:
- Addendum “A”
- Additional Provisions
- Buyer Addendum
- Seller Addendum
- Seller “Coming Soon” Addendum
- Accelerated Closing Right of First Refusal Addendum
- Removal of Conditions Right of First Refusal Addendum
- Mold Disclosure Addendum
- Brokerage Disclosure Regarding New Construction
- Broker Rebate to Buyer (RESPA Compliance)
- Termination of Marketing Efforts
- Notice to Parties Regarding Earnest Money
- Homeowner Warning Notice – Right to Cancel (FPA) with Spanish Translation
- Assignment of Contract with Seller Consent (Substitution of Buyer)
- Assignment of Contract (Permitted by Contract Terms)
- Seller-Carry Talking Points Article
- Risks of iBuyer Purchase Contracts
- iBuyer Solicitation Addendum
- Single Buyer Listing Addendum
- Standalone one page Buyer Broker Compensation Agreement (New Post-Antitrust Settlement)
- Explanation Letter
Read a complete and detailed explanation of the addenda:
E X P L A N A T I O N
If you would like to have our office prepare a 2025 Standard Addenda package, please print the order form and either email, mail or fax it back to our office. The price for our 2025 Standard Addenda is $450. This price includes: all the addenda forms; a letter explaining them in detail; and a ten minute or so consultation (should you have any questions).
Should you need to customize your addenda, after reviewing our package, we will give you an estimate in advance.
Delivery
We have arranged to have your forms delivered to you electronically by CTM eContracts. You will receive the forms as a locked Microsoft Word® document. You use tabs to electronically fill in blanks. You may copy and paste the clauses from our additional provisions into the Additional Provisions section of your contracts. There is no additional charge for this method of delivery.
The forms are also available through the integrated systems of CTM eContracts; and will likely be available through Instanet Transaction Desk (PPAR); Re-Sure; and Get In Contract. To obtain the forms from these vendors, you must first order them from us and then contact your vendor to download the forms. Please note that additional charges from your vendor may apply.
O R D E R F O R M
Due to the NAR Antitrust Settlement, production of the following products is on hold while they are being updated:
• Brokerage Relationship Policy – Revision expected by January 2025
• Office Policy – Revision expected by January 2025
• Independent Contractor Agreement – Revision expected by January 2025
Note: If you are being audited, please contact Andrea Webster to discuss your options.
To be notified when these products become available, please complete THIS FORM.