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Columbus REALTORS® Standard Forms
Columbus REALTORS® Contract Clauses
White Paper - Contract Clauses (PDF) (full version)
Contract Clauses (PDF) - includes the following:
Paragraph 1: Terms
- 100 Cash Clause
- 101 Closing Costs Clause(s) (Seller to pay)
- 102 Clarification of Financing Contingency Clause
- 103 Release From Prior Contract Clause
- 104 Agent/Broker Acting as a Principal
- 105 Timing Starts with Signature
- 106 Backup (Secondary) Offer Clause(s)
- 107 Multiple Offers (Seller's Indisputable right to choose)
- 108 Loan Assumption Clause
- 109 Seller to Buy Another Property Clause
- 110 Signatures Mandatory
- 111 Agent/Broker Acting As a Principal
- 112 Escape from "Sale of Existing Home" Contingency Clause(s)
- 113 Buyer's Sale of Existing Home Clause
- 114 Condominium Document Review Clause (attach Codominimum Checklist)
- 115 Investment Property Purchase Clause
- 116 Appraisal Clause
Paragraph 2: Taxes & Assessments
- 200 Taxes Proration Clause
- 201 Tax Proration Clause (new builds)
- 202 Seller's Tax Letter (new builds)
Paragraph 4: Inspections & Tests
- 400 Radon Readings Clause
- 401 Well Water Flow Test Clause
- 402 Qualified Inspector Clause
- includes the following:
Paragraph 2: Price and Terms
- 200 Loan Commitment
- 201 Backup Offer Clause(s)
- 202 Multiple Offers/Counteroffers – (Seller’s
- Indisputable right to choose)
- 203 Property Income, Expense and Leases
- 204 Leases and Renewals
- 205 Zoning Verification
- 206 Licensed Real Estate Broker/Agent
Market Condition Forms
Form 1004MC - Market Conditions Addendum (Excel Spreadsheet)
- Updated May 18, 2011
Form 1004MC Explanation FAQ
Form 1004 MC User Instructions
The 1004MC - Market Conditions Addendum - designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser and is required with all 1 to 4-unit property appraisals performed on or after April 1, 2009. This requirement applies to loans delivered to Fannie Mae and Freddie Mac.