We often get questions about specific clauses that agents would like to add to the Virginia REALTORS^® contracts. Let’s take a look at some of what we offer.  

Did you know that we have a standard clause for back-up offers? Standard Clause 3.1 provides the buyer with notice that their contract is the first back-up, which is behind a primary. It provides set dates for the primary contract to be fulfilled or the back-up to automatically terminate.  

What about a Contingent Upon Sale clause? Standard Clause 3.2 is a popular one and provides the terms necessary to submit an offer that is contingent on the sale of another property.  

What if the earnest money deposit will not held by an agent? Standard Clause 10.1 provides notice and acknowledgement to a buyer that their earnest money deposit will not be held by an agent and, as such, the broker has no control over the disposition of the funds if the transaction is not consummated.  

You can find the Standard Clause Booklet in the Virginia REALTORS^® Standard Forms Library. You’ll find plenty of clauses that we are sure will serve you in your practice.  

There’s no need to write or workshop your own—the requests for these standard clauses have come from fellow REALTOR^® members in the field. Additionally, you can rest assured because VAR’s standard forms have been vetted by attorneys.  

Would like to see additional clauses? If so, please submit your ideas to our Legal Team!