Dateline Washington DC
by Darrin Friedman

If you are a Real Estate agent in Washington DC You MUST read this…Last week the Greater Capital Association of Realtors made several changes to vital forms for the Washington DC and Maryland area sales contracts. Though I do not profess to be an attorney in any way, and I recommend that if you have any questions that you call Randy Rothstein at Paragon Title (301-986-1114), I did want to give you the highlights so you would be aware of the changes.

Again, these forms are now on “the street” in the Washington DC Real Estate market, and if you are not using them, you will be exposing yourself to the ugliness.

OK, now that I have said all that, here are the forms that have been modified:

1) The Listing Agreement
2) The Washington DC Jurisdictional Disclosure and Addendum
3) Tenancy Addendum
4) Conservation Addendum
5) Extension of Home-buyer credits (first time and beyond)

Today, I’m going to JUST focus on the listing agreement. The other forms will come soon. Now the details:

The Listing Agreement
PAGE 1:

Change 1: The first change is in Paragraph 2 – the words”MRIS Broker Code” replaced “MRIS ID”

Change 2: The purpose of Storage spaces and parking spaces is fleshed out along with asking the owner to specifically check the use

Page 2:

Change 1: In paragraph 6 Section A the language now addresses the additional broker fee (formerly known as the admin fee) and how that is paid. It is much clearer.

Page 3:

Change 1: Access!
Paragraph B as illustrated below focuses on access. It’s pretty self-explanitory, but this is NEW language and every Washington DC Real Estate agent and broker should read it.

Change 2: Virtual Marketing
Now, this clause is now included in the listing agreement instead of being a separate form. This is a VERY good thing considering it used to be a whole extra form. Yeah saving the earth! LOL!

Page 4:

Paragraph 14 now has better language…check out below!

For the rest of the changes, just email me at dfriedman@cbmove.com and I will you send you the pdf.

Have a great weekend!