Forms Changes effective July 1, 2011
Effective July 1, 2011, changes have been made to a number of N.C. Realtors®’ residential forms, including the Offer to Purchase and Contract (form 2-T). With a few exceptions, the “changes” to the Offer to Purchase and Contract aren’t changes in the sense that they have altered the intended meaning of the “new” Contract that rolled out in January. Instead, they are clarifications of several things that members have had questions about since the Contract came out.
A summary of the changes, including a list of all the forms that have changed, is available on N.C. Realtors®’ website.
There will be a 60-day grace period during which NCAR members may transition to the revised forms. Older versions of forms that have been updated should not be used after August 31, 2011.