SFAC Agenda
Standard Forms Advisory Committee (SFAC)
San Carlos Room 1, Marriott Hotel
Friday, January 19, 2007
8:00 a.m. – 12:00 p.m.**Closed Meeting**Presiding: Steve Weiss, Chair
Sharon Bowler, Vice-Chair
Anita Thede, Vice-Chair
Thomas Carnahan, LiaisonC.A.R. Staff: Neil Kalin, AssistantGeneral Counsel
Howard Fallman, Managing Senior Counsel REBS Staff: Tom Hurdelbrink, Staff Vice President, REBS Operations
(SFAC Coordinator)
Joy Alafia, Standard Forms Manager
8:00-8:15 a.m. (Closed Meeting)
I. Welcome and Opening Remarks8:15-8:45 a.m. (Open Session)
II. Regional Representatives Reports 8:45-noon (Closed Meeting) III. Housing Affordability Fund Proposal – Wes Burke
IV. Standard Forms Transaction Task Force – Ann Throckmorton
V. November 2006 Forms Release – See November 2006 Quick Summary attached
VI. Approved New Form
A. Agent Visual Inspection Disclosure Form (AVID) - 4/07
VII. Silent Revision Forms Update
A. CBC – changed “and” to “or” - 11/06
B. FLD, PAA, MT – signature/initials line correction - 11/06
C. AD – change signature line to refer to Broker rather than Agent - 4/07
D. RLA – change 4A3 to include condition for commission even if property
withdrawn from sale – 4/07
E. CC – insert “unless otherwise specified above” above signature section -
4/07
F. CPA – add ‘17B1’ in paragraph 17B3 after “specified in” - 4/07 VIII. Forms/Revisions for Consideration
A. Buyer Inspection Election (BIE)
B. Private Transfer Tax
C. Name change from “Buyer Broker” to “Buyer Representation Agreement”
D. Manufactured Home - See Draft
E. Commercial Forms I X. Review of Standard Forms Comments
X. Adjourn
