Standard Agreement for the Sale of Real Estate (ASR)

The COVID-19 Addendum to the Agreement of Sale can be used to modify the terms of the sales agreement in the event third-party services become unavailable or so limited that meeting deadlines in the sales agreement are impossible or impractical.

Several forms will be updated as of Jan. 1 to address issues related to smart home technology. Here’s what you need to know.

Anticipate the unanticipated and prepare an agreement that offers guidance.

Remember that more disclosure is usually better than less disclosure, and that disclosing items during a transaction is likely to be less risky (and far less expensive) than explaining the lack of disclosure in a deposition after the transaction.

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 […]

The only substantive change to its content is in Paragraph 8(I), which relates to FHA and VA financing.