Looking at ways to improve our Commercial Forms

The Commercial Standard Forms Committee is charged with developing and updating existing Commercial forms and contracts for voluntary use by the Columbus REALTORS® membership.

For 2019, the following committee goals are outlined and progress for each goal is noted below:

  • Review Division of Real Estate & Ohio Real Estate Commission’s statement and clarifications for unauthorized access to listings including commercial listings to determine either revising existing listing form language or adding a new form and correcting outdated agency language. Status: Review is complete and is now being reviewed by Columbus REALTORS®’ legal counsel.

  • Complete the Letter of Intent Standardization. Status: The letter is complete and has been submitted to the Commercial Advisory Board and the Columbus REALTORS® Board of Directors for review and approved.

  • Look at each of the online form’s offerings, i.e. Dotloop, Forms-R-Us, etc., to clean up the files by both name and date. Status: Target completion by the end of year,  2019.

  • Continue ongoing review of contract language as committee, Columbus REALTORS® members and commercial industry members are encouraged to bring ideas, questions and thoughts to Columbus REALTORS®/committee.

  • Form Resolutions for Entities. Status: This goal has been completed and submitted to the Commercial Advisory Board and the Columbus REALTORS® Board of Directors for review and approved.

  • Update form Commercial Land Purchase Agreement. Status: Target completion end of year, 2019
  • Review Compensation Agreement.

  • Projects carried over to 2019:
     Development of:

    • Lease Checklist
    • Commercial Additional Terms and Conditions form
    • Buyer and Seller Termination of Contract form

We are always seeking improvement where it is needed. Please do not hesitate to send your comments, ideas, wishes, and suggested changes to me at  christineb@classicalrealty.com by Oct. 1 2019.

If you have interest in membership on the committee, please contact me at email noted above. Our committee looks forward to continuing to serve you.