PAR already has an Appraisal Contingency Addendum to the Agreement of Sale (Form ACA), which allows a buyer to terminate the agreement if the appraisal doesn’t hit a specified value. But member feedback indicates that parties are often trying to write in stronger language to keep buyers in the deal. This new revision addresses that issue by expanding the form with a second buyer option.

Although it may seem at first glance that there are many changes to the form, most of the new language you’ll see is a clarification of current questions and not the addition of new ones.

There are many petty annoyances that are not the height of professionalism, but probably don’t rise to the level of a code violation.

On Oct. 30, the Consumer Financial Protection Bureau issued a final rule which permits debt collectors to use text messages, email, social media and voice messages for communications with debtors.

Often, the loan-to-value ratio and the Appraisal Contingency Addendum are seen as being the same thing and at their basic level, they do the same thing. However, they are not the same and more importantly, as they are built into the PAR forms, they function very differently.

Failing to properly handle a case of potential exposure of COVID-19 not only puts many other people at risk of infection but could jeopardize your career.