August 2023 Form Of The Month – OREF 109/110 Notice from Buyer to Seller & Notice from Seller to Buyer

FORM OF THE MONTH

Sometimes certain conditions arise — failure of financing contingency; objections to title; etc. — and buyers or sellers need to notify the other party of these conditions in writing. In such cases, Form 109/110 is your best tool. The best part? You can use this form to send multiple notices during a transaction.

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.