Four Changes to Forms Effective Feb 20

ORLANDO, Fla. – Feb. 14, 2018 – The following form changes were approved at Florida Realtors Mid-Winter meetings in January, and they’re scheduled to be released on Feb. 20, 2018, in Form Simplicity and via Florida Realtors other licensed vendors.

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Breakdown of the changes

1.Exclusive Property Management Agreement form was amended to include email as an option for returning a copy of the agreement to the customer. Additionally, “home phone” was changed to “telephone” to allow for any contact phone to be entered in that spot. Click to see a redline copy that shows the changes.

2.Contract for Residential Sale and Purchase (CRSP) Addendum I, FIRPTA, was amended to incorporate similar language from the Florida Realtors/Florida Bar (FR/Bar) Contracts. Click to see a redline copy that shows the changes.

3.Community Development District (CDD) Addendum was updated to add introductory language as to when the form is to be used in a transaction. The signature line was moved from the bottom to right below the disclosure statement, and the disclosure itself was put in all caps. Click to see a redline copy that shows the changes.

4.Contract for Residential Sale and Purchase (CRSP) Addendum L, Inspections, reverted back to previous language to allow the buyer the optionto cancel or obligate the seller to make repairs per the contract. Click to see a redline copy that shows the changes.

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