Category: Your Practice

Form-of-the-Week: Modification of Representation Agreement and Release and Cancellation of Employment Agreement — Forms 120 and 121

After entering into a representation agreement with a client, an agent uses the Modification of Representation Agreement to change the terms of the employment without canceling it and to terminate the authorization to represent, an agent uses the Release and Cancellation of Representation Agreement.

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Letter to the Editor: Why does firsttuesday report availability and ASAP delivery of the TDS by a seller broker?

Delivery of property disclosures to buyers is legislated to occur “as soon as practicable” (ASAP) on inquiry from a prospective buyer, well before a purchase agreement setting a price is entered into.

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