News

Forms Update – Sales Disclosure, Personal Property Agreement

The following changes to RIAR Forms will be sent to Instanet, dotloop, and zipLogix on Friday, June 15, 2018.

Rhode Island Real Estate Sales Disclosure

  1. Pools & Equipment – added an “Any Defects” space for a seller to list known defects about a pool and equipment to comply with Rhode Island law.
  2. Radon –   replaced “structure” with “property” in this sentence so that a seller can disclosure known radon in the land or water:  “Has property been tested for radon?”

 

Sale of Personal Property Agreement

Notice – added the following notice to the top of the form to remind REALTORS® not to send this form to the buyer’s lender:  “NOTICE: This is a stand-alone document and should not be attached to the Purchase and Sales Agreement.

 

Questions?   If you have questions about the content of these changes or when the changes will be available on Instanet, please contact the RIAR Legal Department at 401-432-6945.

If you use a forms provider other than Instanet, please check with your forms provider if you have any questions about when the changes will be available.