Settlement of Other Property Contingency Addendum to Agreement of Sale

“What form should a buyer use to request their deposit be returned by the broker?”  To address this recurring issue, we have created a new form, the Buyer’s Request to Broker for Deposit.

PAR Associate Counsels Kacy Clouser and Paige Perrucci were joined by Standard Forms Committee Chair Sylvia Hess-Albright and Vice Chair Dominic Janidas to cover a behind-the-scenes look at the standards forms process and introduce a new form.

The specific words of a contract create a binding legal relationship between the parties, so it’s important to know exactly what those words are to best represent your clients and your brokerage.