18 Jun Standard Forms Coach
How to find the Forms Coach
Using the Forms Coach could not be easier. Click on the “Member Services” tab, choose “MAR Standard Forms” from the drop down menu, select F1, F2 or F4 and then click on the Forms Coach icon.
About the Forms Coach
Mississippi REALTORS® can enjoy state-of-the-art teaching tools as part of their formidable standard real estate form set. As part of the 2018 revisions, the Mississippi REALTORS® staff developed the Forms Coach tool as part of overall enhancements designed to make the forms user-friendly and self-explanatory.
From the Standard Forms portion of the Member Services tab, Members may select the link to the PDFs of the F1, F2 or F4 forms and then select the Forms Coach for that form. Following the link to the Forms Coach, the member will view the selected form in an interactive format allowing the member to click on each blank in the form and instantly receive concise instructions on exactly what should go in that blank. Every blank in the F1 Contract for the Sale and Purchase of Real Estate, the F2 Lots and Land Contract, and the F4 Exclusive Right to Sell and Listing Agreement are currently annotated, with plans in place to eventually cover every blank in every form.
For some blanks, the Forms Coach also gives members immediate access to instructional videos covering individual forms and relevant topics. Mississippi REALTORS® General Counsel Ron Farris narrates a series of new videos explaining key sections of key standard forms, such as earnest money, interpleader, loan contingency provisions, breach, closing protocols, TRID timing issues and newly revised disclosures dealing with the MREC Property Condition Disclosure Statement, among others. Another new video educates members on relevant legal risks inherent with wire fraud schemes and the new wire fraud disclosures in the form set.
In addition to scroll-over line explanations and video links, the Forms Coach also offers members detailed written explanations of major revisions appearing in key standard forms such as the F1 Contract for the Sale and Purchase of Real Estate, the F2 Lots and Land Contract, and the F4 Exclusive Right to Sell and Listing Agreement.
Periodic revisions to the standard form set are a direct response to member input and suggestions relating to the forms and their use, and represent the work of many Mississippi REALTORS®, including MAR’s Standard Forms Advisory Committee. Suggestions for improvement can be made in writing directly to General Counsel Ron Farris or MAR staff liaison Brittany Conwill, or to any member of the Standard Forms Advisory Committee, and are welcomed.