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2019 GAR Contracts – Changes to Brokerage Agreements

2019 Georgia Association of Realtors (GAR) Contract Form Changes – this video presents an overview of the changes to the 2019 GAR Brokerage Agreements. This video is part of a series covering the changes to the 2019 GAR Contract Forms.

Please watch previous video: 2019 GAR Contract – Overview: https://youtu.be/OQPdxdHHAAE

These forms will be available to real estate agents in Georgia 1/1/19. Next Video: Changes to Brokerage Agreements. Register for a 3 Hr CE class on the 2019 GAR Contracts: http://www.registerforREclasses.com

2019 GAR Contract Forms – Overview

 

2019 Georgia Association of Realtors (GAR) Contract Form Changes – this video presents an overview of the changes to the 2019 GAR contract forms. This video is the first in a series covering these changes.

Please watch next video: 2019 GAR Contract – Changes to the Brokerage Agreements: https://youtu.be/MI2nfskaX90

These forms will be available to real estate agents in Georgia 1/1/19. Next Video: Changes to Brokerage Agreements. Register for a 3 Hr CE class on the 2019 GAR Contracts: http://www.registerforREclasses.com

Sale or Lease Contingency Time Frame

 

All about negotiating a time frame for this contingency. For More information, please watch:

Part 1: Sale or Lease Contingency Exhibit – Buyer’s Perspective – https://youtu.be/

Part 2: Sale or Lease Contingency Exhibit – Seller’s Perspective – https://youtu.be/YbLaGcNSMpk

Down Payment Assistance Funds (or Gift Letter) & the Contract

 

Do you have to disclose that a Buyer is getting Down Payment assistance? If a Buyer is getting Down Payment Assistance funds – how do you protect that Buyer in a Real Estate Contract – it’s NOT automatic & it’s NOT included in any Financing Contingency! So what do you do? It is not required to disclose that a Buyer is getting a down payment from a program, BUT the Buyer is NOT protected contractually if the Buyer does not receive those funds so that’s where the contract contingency for this issue becomes important!

“This Agreement is contingent upon the Buyer’s approval for the receipt of down payment from _________ program within ______ days from Binding Agreement Date. Should Buyer not be approved for the DPA program within this time frame, Buyer may terminate without penalty if Buyer notifies Seller in writing and provides the DPA denial letter.”

Amee Davis, Davis & Associates, Attorneys at Law, LLC http://www.davislawga.com 770-426-5440

Why You MUST Name an Alternate Holder to Closing Attorney as Holder of EM

What happens contractually if you don’t name one of the Real Estate Brokers as the Alternate Holder of Earnest Money on GAR F84 (A)… watch the video to find out! Also Watch: 2018 GAR Contract: Forms Required for Attorney to Hold Earnest Money – https://youtu.be/uWmfF8zVaPU

 

Acceptance After a Time Limit – Do I Have a Contract?

Watch the Video to Find Out!   Thank you to Shawn Horan of Horan Law Group, P.C. SHoran@WestGALaw.com 770-942-8887

“This counter offer is being executed by all parties to evidence their intent to be bound by the terms contained in the purchase and sale agreement dated ________, and agreed to by all parties on ________.  All parties agree that the binding agreement date and time for this purchase and sale agreement is __________.”

All About Commission Forms

What contract confirms a Listing Broker’s Commission? a Selling Broker’s Commission? an Agent’s Commission? Can a Selling Broker rely on the “Co-Op Commission” listed in the MLS Service? What does “VRC” mean?” What if there is a mistake in the MLS (FMLS & GAMLS & Others) Service? How can an agent avoid a commission dispute? Is the Co-Op Broker Commission determined by the Seller or Listing Agent? Watch the video to find out!

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