About the Oral Consumer Notice
If the first discussion about real estate with the consumer does not take place in person, the Consumer Notice regulations provide for an Oral Consumer Notice (Form OCN) to be read aloud to be followed up with the written Consumer Notice at the first in-person meeting. The Form OCN must be read word-for-word to a consumer when the first substantive conversation is held over the phone.
Latest Content
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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.
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Webinar Recap: Standard Forms Update
- August 8, 2025
- 4 min. read
PAR will release 10 updated standard forms on Sept. 1. The marked-up versions of the drafts are now available on our website and can be downloaded from the individual forms pages.
