Revisions to the State Forms Approved

The Missouri REALTORS (MR) Risk Management Mission Committee recently met and approved the mid-year forms revisions from the Residential and Commercial Forms Committees going into effect July 29, 2024.

As expected, there were several revisions to the MR brokerage services agreements and the residential sale contract, and they approved a few new forms.

You can find a brief explanation of the revisions, along with clean and redline versions of the forms, on MR's "2024 Forms & Revisions Mid-Year Update."  Please note that more information is still to come, including a "Keeping It Legal" video explaining the new forms revisions, and updates to their Forms Instruction Manual series which will include new parts covering the buyer's agency agreement, the listing contract, and the new Compensation Agreement Rider (MSC-4025).