In a series of meetings with brokers, attorneys Chris Osborn and Jeff Coop summarized key features and some of the significant revisions to various forms. Such features help assure accuracy of data entry as well as lower transaction costs. The online product offers the latest version, eliminating the need to verify whether or not the document is the most current edition. Forms can be saved, retrieved, edited and printed. A single completed form, or several forms grouped in a Transaction Folder, may be e-mailed to clients.
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The latest security measures are applied to minimize any malicious alteration of the legal text in documents. Supplemental forms also available. The updated forms also anticipate wider acceptance of digital signatures on real estate transactions, although that feature will not be activated when the forms first launch. The MLS attorneys also discussed several revisions, and the rationale for the changes, when they met with member brokers. Revisions to signature lines on the Purchase and Sale Agreement, which add lines for Seller's and Buyer's e-mail address and deletes lines for Selling and Listing office addresses.