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June Form of the Month: OREF 050 Buyer Representation Agreement – Exclusive

FORM OF THE MONTH

With the passing of House Bill 4058 and the proposed NAR settlement, our form, OREF 050 — Buyer Representation Agreement — Exclusive, has undergone a complete overhaul to ensure that agents and clients are compliant with the new requirements.

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.