Newer, Smarter Forms Debuting Jan. 1
Several forms will be updated as of Jan. 1 to address issues related to smart home technology. Here’s what you need to know.
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Inspection Contingency Review
The inspection contingency in the Standard Agreement for the Sale of Real Estate (PAR Form ASR) is one of the most frequent topics for the PAR legal hotline. The election, performance and ensuing negotiations make up a procedure that – it seems – has become so commonplace that many licensees don’t know what to do […]
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Clean Slate Law helps secure housing
Pennsylvania recently began automatically sealing certain criminal records from public view. Act 56 of 2018, called the Clean Slate Law, seeks to alleviate hardships that can come as a result of having a criminal record; a criminal record is often an impediment to finding housing and employment, which makes rehabilitation difficult.
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Revised Agreement of Sale debuting July 1
The only substantive change to its content is in Paragraph 8(I), which relates to FHA and VA financing.
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Summer forms update
Summer will bring one small change to the Agreement of Sale and more work for task forces.
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Seller Disclosure overhaul
Recently, several member volunteers met at PAR headquarters to review common questions and figure out if PAR’s seller’s property disclosure statement needs a remake. A task force led by Pat Moyer of the Suburban West Realtors® Association has begun working its way through the form, while trying to strike a balance between information a seller should disclose and a buyer’s obligation to perform due diligence.
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Smart homes and smarter forms
A task force led by Bill Lublin of the Bucks County Association of Realtors® has identified four key issues PAR’s forms should address: notification to buyers and sellers of video and audio surveillance, data privacy and security issues, contractual obligations on energy-efficient equipment and passively-collected data.
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National Radon Action Month: Are your clients aware?
January marks National Radon Action Month and now is the time to check for unsafe levels of radon, for both you and your clients.
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What is the difference between service animals and assistance animals?
A service animal is a dog that is individually trained to do work or perform a task for a person with a disability. The common example is that of a “seeing eye dog,” who accompanies a sightless individual for that person’s safety. An assistance animal is any animal except a service animal that provides disability-related support, including emotional support. These can be cats who provide anxiety relief or a teacup pig that helps alleviate depression.
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Revised Agreement of Sale available
Revisions to PAR’s Agreement of Sale were approved by the Standard Forms Committee in the fall for publication on Jan. 1. The revised form is available now on PAR’s website, along with updated Guidelines for Preparation & Use.
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