Changed:
K1352 – Listing Agreement Addendum – Internet Advertising (12/09)

K1353 – Appraisal Contingency – All cash/no third party financing (12/09)

K1354 – Lease VRLTA (12/09)

K1345 – Virginia Jurisdictional Addendum (12/09)

K1333 – Lease Common Law (rev. 12/09)

K1005 – Property Management Information Form (rev. 12/09)

K1352 – Listing Agreement Addendum – Internet Advertising (rev. 12/09).
This form was created as a result of the NAR – DOJ settlement regulating the management of information by Multiple Listing Services. This form should be used with every listing agreement which contemplates listing a property in the MLS. This form corresponds to fields MRIS has created to comply with the requirements set forth in the NAR – DOJ settlement agreement.

K1353 – Appraisal Contingency – All cash/no third party financing (rev. 12/09).
This form was created at the request of our membership. The recent market has seen an increase in investor purchases and thus an increase in all cash offers. However, in many instances the Purchasers still wish to make the purchase contingent on an appraisal. This form tracks the language of our other Appraisal Contingency form but is to be used only when the offer is an all cash offer or when there is no third party financing.

K1354 – Lease VRLTA (rev. 12/09).
This lease is intended to be used for those landlords who fall under the Virginia Residential Landlord Tenant Act, or those who even if they are exempt, wish to make their lease subject to the Act. This Lease differs significantly from the Common Law lease. If you are unsure which lease to use, please consult with your broker prior to choosing which form to use.

K1345 – Virginia Jurisdictional Addendum (rev 12/09).
Paragraph 10 has been revised to include statutorily required Consumer Real Estate Settlement Protection Act (CRESPA) disclosure language which specifies that the Purchaser selects a settlement company and that a seller cannot condition the purchase of a property on the selection of a settlement company.

K1333 – Lease Common Law (rev. 12/09).
This form was revised to remove any reference to the VRLTA since we created a separate lease for those Landlords subject to the Act. The lease was also updated to comport with the law.

K1005 – Property Management Information Form (rev. 12/09).
This form had been discontinued and was updated to match the current market requirements.