“Exciting (and not so exciting) Changes to the 2011 GAR Contract & Exhibits”
I. Introduction and Basic Contract Review
A. Introduction and Course Overview
B. Elements of Contract and Contract Formation
C. Purchase and Sale Agreement Essentials
D. The Old and New Exhibits
II. Important Changes to the GAR Forms
A. New Version of Buyer Brokerage Agreement
B. “Protect yourself When Buying a Home” Brochure
C. Purchase and Sale Agreement
D. Option to Purchase Leased Property Exhibit
E. Seller’s Property Disclosure Statement
III. New Forms and Functions
A. Unilateral Notice to Terminate; Agreement to Disburse Earnest Money
B. Mutual Settlement Agreement
C. New Short Sale Contingency Exhibit
D. Conventional Financing Exhibit
IV. Completing the 2011 GAR Contract
A.. “Fill in the Blanks” Essentials
B. “Pointers & Practice” for iron-clad Special Stips