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Legal Corner

Standard Forms Update

Tuesday, Dec. 20 at 10 a.m.

Back to the Realtor® Resource Library

Register for the Standard Forms Update Webinar

New standard form revisions are coming Jan. 1, 2023. Learn about the revisions to the oil, gas and mineral rights forms and the short-term rental changes to the agreements of sale and listing contracts. PAR Assistant General Counsel Desiree Brougher and Associate Counsel Kacy Clouser will discuss changes made by PAR’s Standard Forms Committee and what you need to know for your business.

The Oil, Gas and Mineral Rights/Interests Disclosure (Form OGMD) will be revised to reflect the needs of the industry, while the Oil, Gas and Mineral Rights/Interests Addendum to the Listing Contract (Form OGMX) will be removed from the library.

In addition, the Short-Term Rental Task Force recommended small changes to the agreements of sale and listing contracts to provide space for the seller to indicate when a property is occupied by someone other than the owner.

Looking for the broker webinar? Register for the Broker Preview: Standard Forms Update webinar.