About the Comprehensive Guidelines
This comprehensive guidelines document explains changes to several forms that were made as a result of the NAR settlement agreement.
Many frequently asked questions are answered in this document. Please review these guidelines thoroughly BEFORE contacting the PAR Legal Hotline with any questions.
Recent Standard Forms Updates
| Call Letters | Form Name | Release Date |
|---|---|---|
| ACA | Appraisal Contingency Addendum to Agreement of Sale | Sept. 1, 2025 |
| ASR | Standard Agreement for the Sale of Real Estate | Sept. 1, 2025 |
| ASMH | Standard Agreement of Sale for a Manufactured Home on Leased Land | Sept. 1, 2025 |
| ASNC | Standard Agreement for the Sale of New Construction | Sept. 1, 2025 |
| ASVL | Standard Agreement for the Sale of Vacant Land | Sept. 1, 2025 |
| CBC | Cooperating Broker Compensation Agreement | Sept. 1, 2025 |
| CBCR | Cooperating Broker Compensation Agreement for Rentals | Sept. 1, 2025 |
| XLR | Listing for Rent Contract – Exclusive Right to Rent Real Property | Sept. 1, 2025 |
| XLS | Listing Contract (Seller Agency Contract) – Exclusive Right to Sell Real Estate | Sept. 1, 2025 |
| XLSC | Listing Contract – Exclusive Right to Sell and/or Lease Commercial Property | Sept. 1, 2025 |
Latest Content
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The Importance of Reading Your Forms
- November 14, 2025
- 5 min. read
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.
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Appraisal Contingency Addendum Changes
- August 29, 2025
- 5 min. read
This year brings a newly revised Appraisal Contingency Addendum to the Agreement of Sale (Form ACA).
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Mortgage Contingency Update Coming Sept. 1
- August 22, 2025
- 7 min. read
A revision to the mortgage contingency of the PAR Agreement of Sale (Form ASR) will be released on Sept. 1, 2025. The main substantive change is simply to add a third choice for the buyer to use when signaling their intent on financing to a seller.
