Changes to form #910 Listing Agreement and #910C - Montgomery County Addendum to Listing Agreement - March 2004

Changes to Form # 910 - Listing Agreement 

Form Title
  • Changed title to "Listing Agreement for Improved Real Property" to better reflect how agents and brokers refer to the form
Header
  • Revised
Paragraph 3 - PURPOSE
  • Add boxes for parking space does/does not convey; adjusted size of some blanks; Language revisions
Paragraph 5 - LISTING PERIOD
  • Deleted "or such other date if so amended in writing."
Paragraph 6 - BROKER'S FEE
  • Paragraph 6A (1) - Deleted "or at any price and terms acceptable to Seller during the listing period or any written extension thereof"
  • Pararaph 6A (2) Words "ready, willing and able" added to first sentence
  • Paragraph 6B - *New* - Authority to Cooperate with and Compensate Other Brokers (previous 6B deleted)
  • Paragraph 6C - Deferral - New Language better reflects when a commission is due
  • Paragraph 6D - *New Name* - Forfeiture of Deposit; Revised language as it relates to Broker's Fee
  • Paragraph 6E - *New Name* - Failure to Perform; Revised language as it relates to Broker's Fee
  • Paragraph 6F - *New* - Attorney's Fees
Paragraph - 8 - AUTHORIZATIONS
  • Paragraphs reordered
  • New language in 8C addresses marketing and advertising of property
  • Old 8D moved to 6B and language revised
Paragraph 10 - PROPERTY CONDITION AND DISCLOSURE OF MATERIAL FACTS
  • 10A - Language changes
Paragraph 11 - LEAD PAINT REGULATIONS
  • Lead paint language shortened because language is already in another form
Paragraph 12 - TERMITE/WOOD-DESTROYING INSECTS
  • Deleted "active" in first sentence
Old Paragraph 14/New Paragraph 15 - OWNERSHIP WITH ASSESSMENTS
  • Language changes; fill in lines removed
Old Paragraph 15/New Paragraph 16 - SMOKE DETECTOR REQUIREMENTS
  • Language changes to clarify smoke detector laws in appropriate jurisdiction
Old Paragraph 18/New Paragraph 19 - Old title "IRS"/New Title "TAXES"
  • New Paragraph title
Old Paragraph 19/New Paragraph 20 - GENERAL PROVISONS
  • Old 19A/ New 20A - Language changes
  • Old 19F/ New 20F - Title Change
  • 19H - Deleted
Old Paragraph 20/New Paragraph 21 - AUTHORITY TO DISCLOSE EXISTING OFFERS
  • Grammatical language changes
Old Paragraph 22 - Ownership - MOVED TO BECOME PARAGRAPH 13
  • Grammatical language changes
Old Paragraph 23/New Paragraph 22 - BINDING AGREEMENT
  • Title changed to 'Binding Agreement;"
  • New language regarding listing agreement as a legally binding agreement
Revised Power of Attorney language 

Changes to Form # 910C - Montgomery County Jurisdictional Addendum to the Listing Agreement  

Title
  • Revised
Header
  • Revised
Paragraph 3 - TRANSFER AND RECORDATION TAXES
  • New language to better explain legal requirements
New Paragraph 4 - MARYLAND RESIDENT SELLER TRANSFER WITHHOLDING TAX DISCLOSURE
  • Added information on Maryland Non Resident Seller Transfer Withholding Tax Disclosure
Old Paragraph 4 - RECEIPT OF INFORMATION AND COMPLETION OF DISCLOSURES
  • Becomes paragraph 5