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Legal Video: New Forms Update (January 2017)

On January 1, 2017, Virginia REALTORS® released one new form, Form 670 – New Construction Contract of Purchase. Additionally, 8 forms were updated:

  • Form 400 – Exclusive Authorization to Sell
  • Form 410 – Exclusive Authorization to Sell – Limited Service Representation
  • Form 420 – Independent Contractor Listing Agreement
  • Form 450 – Exclusive Buyers Brokerage Agreement
  • Form 460 – Non-Exclusive Buyers Brokerage Agreement
  • Form 920 – Tenant Representative Independent Contractor Agreement
  • Form 975 – Listing Agreement – Exclusive Right to Lease
  • Form 980 – Exclusive Right to Represent Tenant

Laura Farley explains the new form and the changes made to the brokerage agreements.