To accommodate the evolving industry landscape, the following forms changes will be available on November 12, 2024. These forms will replace existing forms in the CVR MLS library:
To be fully prepared for this release, and fully versed in the changes, we encourage you to download the Summary of Forms Changes, which provides details of these changes.
Revised Forms:
CVR 306 – Buyer Brokerage Agreement –Non Agency – IC (rev. 11.2024)
CVR 310 – Exclusive Right to Represent Buyer Agreement – Standard Agency (rev. 11.2024)
CVR 320 – Exclusive Right to Lease Agreement (rev. 11.20204)
CVR 335 – CVR MLS Purchase Agreement (rev. 11.2024)
CVR 337 – Purchase Agreement for Unimproved Land (rev. 11.2024)
CVR 340 – Residential Listing Agreement – Limited Service (rev. 11.2024)
CVR 345 – Residential Listing Agreement – Standard Agency (rev. 11.2024)
CVR 350 – Residential Listing Agreement – Non Agency – IC (rev. 11.2024)
CVR 356 – Residential Listing Agreement – Unimproved Property (rev. 11.2024)
Administrative Changes:
The following forms have been revised to reflect the appropriate paragraph references. No substantive changes have been made to these forms outside of updating paragraph references in the Purchase Agreement:
CVR 105 – Addendum for First Right of Refusal (rev. 11.2024)
CVR 125 – Non-CVR MLS Listing Agreement Addendum (rev. 11.2024)
CVR 126 – Non CVR MLS Lease Rental Agreement Addendum (rev. 11.2024)
CVR 130 – Addendum for Repairs and Credit to Purchaser (rev. 11.2024)
CVR 135 - Short Sale Addendum to CVR MLS Purchase Agreement (rev. 11.2024)
Finally, the following forms will be sunsetted and removed from the CVR MLS forms library:
CVR 300 - Buyer Brokerage Consumer Brochure
CVR 480 – VAR Meth Lab Disclosure Form
CVR 900 - Broker Compensation Agreement
CVR 1110 - Advocacy Infographic
CVR 1200A - Infographic (legal)
CVR 1200B - Infographic (letter)
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:
