The Board of Registration of Real Estate Brokers and Salesmen requires that each prospective buyer or seller be given a Mandatory Agency Disclosure Form at first meeting with broker to discuss a piece of property.
CONDONMINIUM DOCUMENT ADDENDUM
Allows the potential buyer of a condominium the opportunity to review all condominium documents, including by-laws and financial reports before being bound in contract.
CONDO PURCHASE AND SALE AGREEMENT
Normally the second contract between buyer and seller after the initial Offer to Purchase is signed. The Condominium Purchase and Sale Agreement is specifically designed for issues associated with condominiums.
INSPECTION/PEST/MORTGAGE ADDENDUM
Three-in-one contingency form allowing the buyer to revoke the purchase agreement without further recourse for reasons of a negative home inspection, the presence of termites or other wood boring insects or failure to get a mortgage loan at “prevailing rates, terms and conditions.
OFFER TO PURCHASE REAL ESTATE
Initiated by the buyer as an offer to purchase. Initial contract between the buyer and seller. In the 1999 case, McCarthy v. Tobin, the Massachusetts Supreme Judicial Court held that the Greater Boston Real Estate Board Offer to Purchase is an enforceable contract when signed by buyer and seller.
RIGHT TO SELL ADDENDUM
Agreement between a seller and real estate company which gives the listing company the exclusive right to market and sell the property for an agreed upon period of time, without MLS Addendum. For use with properties that are non-MLS listings or in conjunction with a separate grant of authority to post information on a multiple listing service.
