About the Buyer’s Estimated Costs
Under Pennsylvania law, before an agreement of sale is signed, the licensees involved in the transaction must provide each party with a written estimate of reasonably foreseeable costs. The Buyer’s Estimated Costs (Form BEC) is used provide a good faith estimate of the buyer’s costs at closing.
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
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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
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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.
