The Purchase and Sale Contract for Residential Property is published exclusively by the Greater Rochester Association of REALTORS®, Inc. and the Monroe County Bar Association, with endorsement from surrounding County Bar Associations. It governs the complete agreement between buyer and seller for the sale of residential property in Monroe County and neighboring New York counties.
The contract addresses all key terms of the offer, including the description of the property, seller's authority, items included in the sale, and contingencies such as mortgage approval, attorney approval, and property inspection. It also details closing terms, possession dates, and compliance with the Home Equity Theft Prevention Act (HETPA).
Additional provisions cover marketability of title, financial arrangements at closing, zoning and building code compliance, risk of loss, deposit procedures, broker recognition, and the offer validity period. Real estate commissions are negotiable between the realtor and client. Upon signing, the contract is legally binding, and all parties are strongly encouraged to review the document with their own attorneys before finalizing.
| Question | Answer |
|---|---|
| Form Name | Contract Residential County Form |
| Form Length | 5 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min 15 sec |
| Other names | monroe county bar association real estate forms, fillable nys grar purchase and sale contract residential property, sales contract residential property, nabor naples area board of realtors purchase and sales agreement pdf |