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Add Current SSY Agreement initials

[Music] out with the old move with the new what are the logistics associated with this forms revisions all of these forms updates all of the new forms and the revised forms will be released for your use on march 3rd you have copies of all of the forms the revised forms and the new forms in your materials packet that was provided to you as part of this class you'll notice that every single one of those forms has a big sample watermark across the face of it that is because it is imperative that nobody use the forms as transactional documents until march 3rd 2021 and the reason for this is because the whole point of our statewide form system is that we have an enormous amount of predictability for all of you when you receive a statewide form purchase and sale agreement from another broker you know what the boilerplate language says if everybody was using different forms it would be a guessing game for each of you as to what form you were looking at when you got an offer or counter offer and that would be no good so march 3rd is the date that these forms will be released to you through your forms provider and that would be the first day that you should start using them as transactional documents so what if you receive an offer on march 2nd and you're representing the seller who wants to counter offer on march 3rd do you need to rewrite the entire offer so that the whole offer is on either post 20 march 3rd documents or pre march 3rd documents and the answer is no you can mix the forms from the buyer's offer to the seller's counter offer what if the buyer wrote an offer that included for example a form 35 inspection contingency but your seller and sorry and your seller is going to counter does that mean that you should pull out the buyer's um pre 2021 inspection addendum the form 35 and replace it with a new form 35 it does not mean that at all it means that if you want to do that if your seller prefers the terms of the new form 35 versus the old form 35 then in the form of a counter offer you could certainly switch those two forms and that would constitute a counter offer even if you made no other changes in the agreement but you're not obligated to do that so um let's see i think i might have already answered this question but the last bullet point is it okay to combine the revised forms of the old forms going forward and ongoing negotiations absolutely you can have pre-2021 forms mixed with new 2021 forums we have one form system change a change that is reflected in every form in the statewide form system and that is a wholesale replacement of the term selling broker and selling firm with...