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Addendum/Endorsements to Agreement of Sale (ASA)
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Revised: 9/02
Description: Blank addendum to Agreement of Sale.
Appraisal Contingency Addendum to Agreement of Sale (ACA)
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Revised: 8/08
Description: Makes Agreement of Sale Contingent on appraised Property value.
Broker's Disclosure Addendum to Agreement of Sale (BDA)
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Revised: 7/10
Description: For use when a licensee is using non-standard Agreement of Sale that lacks certain legally required clauses. Contains specific information required by RELRA, such as the Real Estate Recovery Fund notice, zoning classification, agency disclosure, etc.
Change in Terms Addendum to Agreement of Sale (CTA)
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Revised: 7/10
Description: For use in making changes to terms of the Agreement of Sale.
Compensation Addendum to Agreement of Sale (CAS)
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Revised: 5/06
Description: Provides for negotiation between buyer and seller for seller to pay some or all of a broker's fee owed by buyer.
Oil, Gas and Mineral Rights Addendum to the Agreement of Sale (OGM)
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Revised: 1/12
Description: Allows the Seller to acknowledge that some or all subsurface rights cannot or may not be transferred with property. Used to change the terms of the Agreement of Sale, including providing the buyer the right to inspect oil, gas and mineral title histories.
Post-Settlement Possession Addendum (POS)
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Revised: 7/10
Description: Provides for the Seller to occupy the Property after settlement.
Pre-Settlement Possession Addendum (PRE)
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Revised: 7/10
Description: Provides for the Buyer to occupy the Property before settlement.
Price Escalation Addendum to Agreement of Sale (PEA)
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Revised: 9/08
Description: Allows Buyer to automatically increase their purchase price in an offer by a set increment and up to a set maximum amount when there are competing offers for a property. The PEA is designed to handle the bidding process and is presented with full Agreement of Sale as an additional term of the Agreement.
Private Transfer Fee Addendum to Agreement of Sale (PTF)
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Revised: 7/11
Description: Used to indicate that a property is subject to a private transfer fee obligation.
Agreement of Sale Release (REL)
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Revised: 10/06
Description: Releases Buyer and Seller from the obligations of the Agreement of Sale.
Reply to Inspection Reports (RR)
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Revised: 7/10
Description: Provides follow-up language to inspection contingencies found in the Agreement of Sale.
Sale & Settlement of Other Property Contingency (SSP)
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Revised: 3/11
Description: Makes Agreement of Sale contingent on Buyer selling Buyer's property. Gives Seller an opportunity to approve offers Buyer gets on Buyer's property.
Sale & Settlement of Other Property Contingency (SSPCM)
(With right to continue marketing)
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Revised: 3/11
Description: Seller has the right to continue marketing property after accepting an offer contingent on sale of Buyer's home. First offer automatically terminates upon acceptance of a second offer.
Sale & Settlement of Other Property Contingency (SSPTKO)
(With right to continue marketing and timed kickout)
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Revised: 3/11
Description: Seller has the right to continue marketing property after accepting an offer contingent on sale of Buyer's home. Buyer has opportunity to show buyer's ability to proceed.
Seller's Reply to Proposed Agreement of Sale for Buyer's Property (SRA)
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Revised: 3/11
Description: Used with Sale and Settlement of Other Property Contingency Addenda (Form SSP) to reply to offers received by Buyer for Buyer's property.
Seller's Reply to Purchase Offer (SRP)
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Revised: 10/05
Description: Seller's notice to Buyer of acceptance or rejection of offer to purchase.
Settlement of Other Property Contingency (SOP)
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Revised: 3/11
Description: Where Buyer has an Agreement to sell his current property but hasn't yet closed, this makes a transaction contingent on settlement of Buyer's property.
Short Sale Addendum to Agreement of Sale (SHS)
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Revised: 8/08
Description: Designed to be used with the Agreement of Sale. The Buyer or Seller should submit the SHS with the Agreement of Sale to convey any changes in terms or conditions that will apply to the Agreement in light of the transaction being a Short Sale.
Tenant Occupied Property Addendum to Agreement of Sale (TOP)
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Revised: 12/05
Description: Used when the leases for a tenant-occupied property are unavailable at the time the Agreement of Sale is drawn up. The offer becomes contingent on the buyer reviewing the written leases and memoranda of all oral leases for the tenant-occupied property.
Notice of Termination of Agreement of Sale (TER)
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Revised: 1/12
Description: For use in terminating the Agreement of Sale.
Notice of Termination of Agreement of Sale and Agreement of Sale Release (TER-REL)
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Revised: 7/10
Description: Combines the Notice of Termination (TER) and the Release and Distribution of Deposit Monies Form (REL). For use in terminating the Agreement of Sale and releasing deposit monies.
Zoning Approval Contingency Addendum to the Agreement of Sale (ZA)
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Revised:9/05
Description: Makes Buyer's offer contingent on Buyer getting zoning approval (or variance, non-conforming use, or special exception) for the proposed use of the property.
Change of Zoning/Municipal Approval for Proposed Use Contingency Addendum to the Agreement of Sale (ZCA)
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Revised:12/11
Description: Makes Buyer's offer contingent on Buyer getting zoning approval (or variance, non-conforming use, or special exception) for the proposed use of the property.
Verification of Zoning for Proposed Use Contingency Addendum to the Agreement of Sale (ZVA)
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Description: Makes Buyer's offer contingent on Buyer verifying zoning for the proposed use of the property.