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April Form of the Month: OREF-101 & C555 – Offer Summary

FORM OF THE MONTH

The property buying and selling process is not short on paperwork. With such a high volume of information involved, sometimes you need to be able to reference a quick summary. Seller’s Agents can use OREF 101 – Offer Summary, or C-555 in our Commercial Library, to provide a quick overview of each offer in a multiple-offer scenario. Buyer’s Agents can use the summary to give the Seller’s Agent an economy-sized overview of the particular deal terms. It’s a time saver and a win-win for both sides.

Do you have an idea or suggestion for a new form or edits to existing forms? We want to hear from you! Submit your ideas to our Forms Committee here.

Always check with your principal broker or legal counsel to ensure that you are following any policy requirements of your brokerage. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.