On June 21, Attorney-Broker-Professor Ed Estes will provide an overview of new forms and revisions effective June 2021, including the CFPB eviction disclosure, the Fire Hardening disclosure for fire-prone areas, residential and lease listing agreements, buyer representation, broker compensation disclosures and more! Register for this free class for CVAR members here! (See information below about the new RPA form coming out late in 2021.)
C.A.R. released the Fire Hardening and Defensible Space Advisory, Disclosure, and Addendum (C.A.R. Form FHDS) in reference to the requirements that went into effect on Jan. 1, 2021, and were covered in the Home Fire Hardening Disclosure and Advisory (HHDA).
The Defensible Space requirements will become effective for transactions that close on or after July 1, 2021. The new FHDS will be needed for any transaction that requires a TDS and is in a “High” or “Very High” Fire Hazard Severity Zone. If the FHDS is not included with the original offer, it should be added via seller counter offer.
New PEADS forms and Quick Guide
This month, the California Dept. of Public Health updated its guidance on open houses, and C.A.R. announced changes to open house protocols. (Please remember to adhere to local guidelines which may be stricter in certain areas.)
In preparation for the new guidance, C.A.R. has created new forms and a Quick Guide to help you.
• Forms: C.A.R. has simplified and shortened the Rules of Entry (PRE) and Preventive Plan (BPPP), and created the PSI sign-in form as an alternative to PEADS. There also is an addendum to the listing agreement LOHA reflecting the changed protocols. This form is necessary if the parties had previously signed the RLA-CAA, which did not allow for open houses. The RLA-CAA was revised to reflect the new guidance, including open houses. New listings should continue to utilize this addendum to reflect the current issues.
• PEADS: The PEADS have been combined and simplified into one shorter PEAD-ALL that is available if members prefer to use them instead of on-site sign-in protocols.
The Quick Guide, newly revised forms PRE, BPPP, PEAD and RLA-CAA, as well as the new Property Sign-in form PSI and the new Listing Addendum LOHA will be available this week on zipForm. In the interim, a PDF of each of these forms is available here. (C.A.R. login required)
New RPA Form in December
C.A.R. announced classes to prepare members for the “new” Residential Purchase Agreement (RPA) coming in December 2021. C.A.R. Education is offering the RPA webinars with live instruction starting in August 2021 at the member rate of $75 (a 50% discount off the non-member price).
But if you don’t need or want the CE credit for this course, Citrus Valley AOR will be offering training regarding the new RPA for free!
Keep watch in the CVAR calendar or CVAR Connect newsletter for announcements about our free RPA classes, or to sign up for C.A.R.’s $75 classes for Continuing Education credit, see class dates available atstore.car.org