With changes to Prime MLS scheduled to go into effect on July 15, and in order to help New Hampshire REALTORS comply with the terms of the NAR settlement agreement, NHAR has added four new standard forms, in addition to small changes to several other forms and the NHAR clause library.
NHAR has sent the updated forms to providers, and the new forms will be available in the next several days.
NHAR legal counsel Matt Johnson and legal committee chair Laura Hallahan recently discussed these additions and changes, and the rationale behind them, in a series of videos linked below. Please click on the corresponding link to view the videos.
OVERVIEW
New Forms:
BUYER FACILITATOR RELATIONSHIP AGREEMENT
NON-EXCLUSIVE BUYER REPRESENTATION AGREEMENT
NON-EXCLUSIVE BUYER REPRESENTATION AGREEMENT/DESIGNATED AGENCY
CHANGE OF TERMS AND CONDITIONS/BUYER REPRESENTATION AGREEMENT
Changes to Existing Forms:
EXCLUSIVE BUYER REPRESENTATION AGREEMENT
EXCLUSIVE BUYER REPRESENTATION AGREEMENT/DESIGNATED AGENCY
EXCLUSIVE LISTING AGREEMENT
EXCLUSIVE LISTING AGREEMENT/DESIGNATED AGENCY
EXCLUSIVE LISTING AGREEMENT/FACILITATOR
CLAUSE LIBRARY
If you have further questions regarding the settlement, please visit the NHAR settlement page or the Legal Resource Line at nhar.org.