Although C.A.R. typically only updates the standard forms twice per year, a newly enacted law required an additional release in June. The Office Management Agreement form serves as a contract between the brokerage and branch office manager to establish an employer/employee relationship and may be used to comply with the new law allowing delegation of supervisorial duties to the branch manager. Below is the complete list of revised forms from June:
- OMA – New! Office Management Agreement
- PAC – Personal Assistant Contract
- TPA – Broker/Associate-Licensee/Assistant Three-Party Agreement
- BRE- Buyer Representation Agreement Exclusive
- BRNE- Buyer Representation Agreement Non-Exclusive
- BRNN – Buyer Representation Agreement (Non-Exclusive/Not for Compensation)
For a Quick Summary on all of the form changes, visit www.car.org/media/pdf/legal/standard-forms/661583/.