On January 1, 2017, Virginia REALTORS® released one new form, Form 670 – New Construction Contract of Purchase. Additionally, 8 forms were updated:

• Form 400 – Exclusive Authorization to Sell
• Form 410 – Exclusive Authorization to Sell – Limited Service Representation
• Form 420 – Independent Contractor Listing Agreement
• Form 450 – Exclusive Buyers Brokerage Agreement
• Form 460 – Non-Exclusive Buyers Brokerage Agreement
• Form 920 – Tenant Representative Independent Contractor Agreement
• Form 975 – Listing Agreement – Exclusive Right to Lease
• Form 980 – Exclusive Right to Represent Tenant

Laura Farley, Vice President of Legal Operations and Deputy General Counsel, explains the new form and the changes made to the brokerage agreements. Click the video to watch.