Featured Attorney Panel
Peter Fitzgerald - Partner at Angelina and Herrick www.ah-lawyers.com/
William Lohman - Head of Real Estate Law @ Castle Law www.castlelaw.com
Mike Baradt - Law Offices of Michael Bradt https://mbradtlaw.com/
The Multi-Board Residential Real Estate Contract has been updated to version 8.0. Stay ahead of the curve in this session that will provide an in-depth overview on the changes to the new contract - equipping you with the knowledge and tools to navigate these changes confidently and effectively.
This powerful session provides a comprehensive overview of the new contract's key elements, reformatted structure, legal considerations and potential impact on transactions.
And, our expert panel will guide you through real-world scenarios, practical tips and critical updates to help you master the revisions and minimize risks for your clients and business. A must-watch session for all REALTORS.
Introduction and Welcome (00:00:00)
Panelist Introductions (00:01:39)
History of the 80 Contract (00:04:07)
Feedback on Contract Changes (00:09:00)
Key Enhancements to the 80 Contract (00:10:58)
Impact of Organizational Changes (00:12:10
Transparency in Broker Commissions (00:14:21)
Understanding Property Types (00:15:10)
Robustness of Buyer Broker Agreements (00:16:24)
Value of Buyer Agents (00:17:14)
Expanded Personal Property Paragraph (00:18:03)
Impact of Solar Panels (00:18:39)
Clarification of Notice Options (00:20:42)
Homeowner and Flood Insurance Changes (00:21:33)
As Is Clause Clarification (00:24:29)
Concerns with As Is Paragraph (00:25:49)
Health and Safety Exclusions (00:28:01)
Negotiating As Is Transactions (00:30:50)
Risks of Making Requests (00:33:04)
Opportunities for Buyers (00:34:53)
Investor Strategies (00:35:14)
Offer Games (00:36:09)
Expectations in Real Estate (00:37:18)
Inspection Paragraphs (00:38:07)
Knowledge Representation Changes (00:39:00)
Escrow Language Changes (00:41:08)
Performance Clause Expansion (00:42:56)
Cancellation of Prior Contracts (00:44:17)
Alternative Energy Paragraph (00:48:24)
Inconsistent Representation Language (00:49:43)
The Cost of Solar Panels (00:52:08)
Seller's Preparation (00:52:34)
Contract Addendum Overview (00:52:53)
Reverse Contingency Addendum (00:53:05)
Repair Addendum Insights (00:53:40)
Organizing the Addendum List (00:53:54)
Notice and Response Form (00:54:18)
Appraisal Addendum Discussion (00:54:29)
Broker’s Role in Transactions (00:56:47)
Intent to Escalate (00:58:42)
Multi-Unit Addendum (01:00:00)
Repair Request Agreement (01:00:20)
Reverse Contingency in Seller's Market (01:01:11)
Introduction of Land Trust Team (01:02:14)
Real Estate Fraud Session Follow-up (01:03:09)
Closing Remarks (01:03:17)
Escrow Discussion (01:04:20)
Valuing Time in Escrow Management (01:05:38)
Final Goodbyes (01:06:21)
