Changes to MN Forms Effective Aug. 1

Effective tomorrow (Aug. 1), the forms listed below have all been updated or changed.

Do you know what’s in the new forms?

Your Realtor does (or better, very soon).

In fact, several companies specializing in continuing education for Realtors offer classes each August to educate Realtors about the changes. Big brokers like Edina Realty typically offer such training in-house.

•ADDENDUM TO PURCHASE AGREEMENT DISCLOSURE OF INFORMATION ON LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS
•AMENDMENT TO PURCHASE AGREEMENT BUYER’S MOVE-IN AGREEMENT
•AMENDMENT TO PURCHASE AGREEMENT SELLER HOLDOVER POSSESSION AGREEMENT “RENT BACK”
•ARBITRATION DISCLOSURE AND RESIDENTIAL REAL PROPERTY ARBITRATION AGREEMENT
•BUYER PURCHASING AS IS ADDENDUM
•COMMERCIAL PURCHASE AGREEMENT
•EXCLUSIVE RIGHT TO SELL LISTING CONTRACT
•FINANCING ADDENDUM ASSUMPTION
•FINANCING ADDENDUM CONTRACT FOR DEED
•FINANCING ADDENDUM CONVENTIONAL OR PRIVATELY INSURED CONVENTIONAL MORTGAGE
•FINANCING ADDENDUM DVA GUARANTEED MORTGAGE
•FINANCING ADDENDUM FHA INSURED MORTGAGEINSPECTION CONTINGENCY ADDENDUM
•LOCATION MAP
•NEW CONSTRUCTION PURCHASE AGREEMENT
•PURCHASE AGREEMENT
•SELLER’S DISCLOSURE ALTERNATIVES
•SELLER’S PROPERTY DISCLOSURE STATEMENT
•Private Sewer and Well Inspection Contingency Addendum —> Renamed SUBSURFACE SEWAGE TREATMENT SYSTEM AND WELL INSPECTION CONTINGENCY ADDENDUM
•Private Sewer System Disclosure Statement —> Renamed SUBSURFACE SEWAGE TREATMENT SYSTEM DISCLOSURE STATEMENT
•VACANT LAND DISCLOSURE STATEMENT
•VACANT LAND PURCHASE AGREEMENT

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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