(posted July 8, 2024)
New and updated forms are coming to the CVR MLS library in early August. We encourage you to download the Summary of Forms Changes for more specific details.
Many of these changes are to comply with the NAR Settlement Agreement. The revised Compensation Toolkit has many resources featuring CVR MLS Legal Counsel, Michael Lafayette, which explain these changes and answer some frequently asked questions.
Revised Forms:
- CVR 306 – Buyer Brokerage Agreement –Non Agency – IC (rev. 08.2024)
- CVR 310 – Exclusive Right to Represent Buyer Agreement – Standard Agency (rev. 08.2024)
- CVR 334 - Escalation Addendum (rev. 08.2024)
- CVR 335 – CVR MLS Purchase Agreement (rev. 08.2024)
- CVR 337 – Purchase Agreement for Unimproved Land (rev. 08.2024)
- CVR 340 – Residential Listing Agreement – Limited Service (rev. 08.2024)
- CVR 345 – Residential Listing Agreement – Standard Agency (rev. 08.2024)
- CVR 350 – Residential Listing Agreement – Non Agency – IC (rev. 08.2024)
- CVR 356 – Residential Listing Agreement – Unimproved Property (rev. 08.2024)
New Forms:
- CVR 900 – Compensation Agreement (rev. 08.2024)
- CVR 902 – Unrepresented Seller Buyer Broker Compensation Agreement (rev. 08.2024)
Sunsetted Forms:
- CVR 305 – Buyer Broker Agreement (Short Form)
- CVR 901 – Broker Compensation Agreement
Please make sure you update any existing transaction templates in TransactionDesk to ensure you are using the most current form in your next transaction. For a quick tutorial, click HERE.
If you have questions, please contact us at [email protected] or (804) 422-5004, Option 4.
Resources:
