NEW Coronavirus Addendum – a quick VIDEO tutorial on how to use it!
REMINDER: Please join the combined Home Connect America Family private Facebook group (https://www.facebook.com/groups/327933317370450/)
This will be the place to share success stories, ideas, ask questions, interact with each other. It is also where we will be doing Facebook Live events, posting all of our ZOOM trainings and meetings. This was previously named The Brodkin Agents. Effective Friday, March 27, 2020, we will be closing the Home Connect America Agents group.
Coronavirus Addendum or Amendment
This form can be used as an Addendum or Amendment.
An Addendum is the proper form to be used when adding additional terms and conditions of a contract. If you’re using the Las Vegas REALTORS (formerly, GLVAR) Residential Purchase Agreement (“RPA”) refer to paragraph #27: Addendum(s) Attached: Coronavirus Addendum.
Item #1 on form: determine how many days to “postpone” (escrow)
Item #2: When representing the Buyer, and this is applicable or may be concern of buyer, check this box.
*Item #3: This is to be used later as an Amendment if the parties are cancelling the contract per the Coronavirus Addendum/Amendment form. (Note: If the parties are cancelling the contract for another reason use your company cancellation of escrow/rescission form or standard addendum or amendment).
Item #4: This area can be used for any other term or condition related to COVID-19 and your specific situation/scenario with clients. Recommend adding a definition of the word “Days” as used in Item #1.
Days means a calendar day from midnight to midnight unless otherwise specified.
Thank you to Steve Kitnick https://nevadace.com/ for sharing his blog post and thoughts on this new addendum.