Summary of July 1, 2024 Forms Changes Now Available
Changes to a number of residential, commercial, auction, and property management forms in the NC REALTORS® forms library took effect July 1. These forms have been reviewed by legal counsel to be in compliance with NC law and the practice changes required under the recent NAR Settlement Agreement. A list of the forms that changed and a detailed summary of those changes are now available via the links below. You can find all updated forms in the Forms Library. Access the library
- Summary of Forms Changes – Residential
- Summary of Forms Changes – Commercial
- Summary of Forms Changes – Property Management
- Summary of Forms Changes – Auction
NC REALTORS® General Counsel John Wait provided a comprehensive overview of the 2024 Forms Changes on our Mobile Mondays Facebook Group. We recorded it and now offer two ways to catch the replay:
- Watch on Facebook (you must be a member of the Mobile Mondays Group)
- Watch on YouTube
For a more detailed explanation of the form changes, NC REALTORS® General Counsel John Wait has created a series of informative videos. These videos cover some of the updated forms and explain the changes in detail. You can watch the full playlist here.
The playlist includes videos for the following forms:
- Form 101 (Exclusive Right to Sell Listing Agreement)
- Form 201 Part 1 (Exclusive Buyer Agency Agreement)
- Form 201 Part 2 (Exclusive Buyer Agency Agreement)
- Form 203 (Non-Exclusive Buyer Agency Agreement)
- Form 220 (Cooperating Compensation Agreement)
- Form 715 (Agency Agreement Amendment and Disclosure)
- Form 770 (Disclosure of Compensation)
- Commercial Forms (500 Series)