Standard Forms Advisory Committee (SFAC) Meeting

Marriott Hotel, San Carlos Room I - Mezzanine

Friday, January 25 , 2013

8:00 a.m. – 12:00 p.m.

Presiding:        Michael Riley, Standard Forms Advisory Committee Chair

                          David Parry, Vice-Chair

                          Wayne Woodyard, Vice-Chair

C.A.R. Staff:    Neil Kalin , Assistant General Counsel

                          Howard Fallman, Managing Senior Counsel

REBS Staff:      Joy Alafia, Director of Business Products (SFAC Coordinator)

8:00-8:15 a.m. (Closed Meeting)

I.        Welcome and Opening Remarks                                                              

8:15-8:45 a.m. (Open Session)

II.     Regional Representatives Reports

8:45-noon (Closed Meeting)

III.            April Form Drafts

IV.            Residential Listing Agreement (RLA) Draft Discussion

V.             Common Interest Development (CID)/Professional Publishing form

VI.            Seller Instruction to Exclude Listing from MLS or Internet (SEL) draft

VII.          Keysafe/Lockbox Addendum & Tenant Permission to Access Property (KLA) draft

VIII.         Lender Term Sheet Advisory                                                                           

IX.            Vacant Land Form Discussion

X.             Multiple Dwelling Unit Form Discussion

XI.            Study Group Update                                                                                        

XII.          Comments Sheet                                                                                             

XIII.         Adjournment                                                                                                   

Mission :  The mission of the committee is to serve in an advisory role in meeting the objectives of the Standard Forms Business Plan.  The committee reviews existing forms for legal accuracy and relevancy, provides input in the development of new forms, and advises on policy issues to ensure that the Association is positioned to respond quickly and effectively to emerging legal requirements, new legislation, changing business practices and consumer trends. (July 1994) – The Forum on Forms provides the Standard Forms Advisory Committee with a vehicle for gathering and distributing information related to the creation and development of C.A.R.’s Standard Forms.  Input received at the Forum on Forms is carefully evaluated by the Committee and is crucial to the Committee in meeting its core mission goals.