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MCAR NEWS

CHANGES AT A GLANCE:

  • The addition of fields for real estate license numbers.
  • The addition of appraisal language to the Terms Paragraph.
  • Modifications to the Well/Septic Paragraph to clarify that the seller will arrange and pay for an inspection, and to further clarify that protocols for that evaluation may vary from county to county.
  • Renaming of the Inspections & Insurability Paragraph as the Inspections & Investigations Paragraph.  
  • A standard, consistent process in the Well/Septic, Inspections/Investigations, and Title Insurance paragraphs in the event that there are unsatisfactory conditions or objections. Further, the Inspections/Investigations Paragraph and Title Paragraph will now require that the buyer affirmatively object in order to walk away from the transaction.  Failure to affirmatively object will mean that the transaction will proceed to close according to the terms and conditions of the agreement.

    An updated PDF was emailed to you on 3/7/2017.

Purchase Order Changes