OREA recently released the 2016 Standard Forms and Clauses Summary of Revisions. Full details regarding the new and revised forms for 2016 are outlined in a summary prepared by OREA, and all members and support staff are encouraged to review this document. The Summary can be found at https://orea.com/ (log in as a member, click on ‘Download Free Standard Forms and Clauses’ under Member Benefits, scroll down to 2016 Standard Forms and Clauses – Summary of Revisions under “Standard Forms”).
Note that OREA Form 200 “OREA Listing Agreement – Authority to Offer for Sale”, has not been changed; therefore, there is no cut-off date to discontinue use. Members may continue to use the OREA Listing Agreements dated 2015. On the OREA website, this document appears as follows on the bottom of the page:
The 2016 Forms and Clauses can now be downloaded from www.orea.com, via the Members Only section. The updates to WebForms® were to have been completed in December, 2015.
The forms, with changes for 2016, will be available in the Realty Shoppe in early January.