Short Sale Listing Addendum

In response to rising member questions and market need, C.A.R. released a Short Sale Listing Addendum on August 13, 2007. C.A.R. has two regularly scheduled forms releases each year, which typically occur in April and November.  Due to popular demand, however, the Short Sale Listing Addendum was rolled out on this special release date. The form is located in the form library under the "Alphabetical List" or  under the "Listing Category" if you are a WINForms Online® user. If you are a WINForms® Desktop user, you may visit www.winforms.com and click "Short Sale Listing Addendum Added to WINForms"  under "What's New!" to download the updated library.

Attach this addendum to a listing agreement to advise sellers of various aspects of short sale transactions.  Key provisions include:

· Advises that seller may be required to bring in funds to close escrow or to obtain lenders' agreement to accept less than what's owed.

· Advises that alternatives to a short sale may be more appropriate, such as refinancing, bankruptcy, or foreclosure, depending on the seller's own circumstances.

· Authorizes the listing agent to advertise a property as a short sale.

· Authorizes the listing agent to contact lenders concerning their approval of a short sale.

· Advises the seller that a short sale has possible tax, credit, and other legal consequences.

When filling out the form, first select "RLA" or "Other" depending on what this is an addendum to. Next, write in the date that the form is being executed. The following fields are for the Property Address, Seller Name, Listing Office Name and Listing Agent Name.

The bottom half includes the Sellers' name, signature and date of signature. It should also include the Sellers' address. Next, add the Listing Firm name along with the D.R.E. license number. The Listing Agent signature along with license information and date need to be added. Finally, the Listing Agent's address, telephone, fax and email.

WINForms® Recertification Symposium

Every 2 years WINForms® Certification expires for our Certified Trainers. This is to ensure that trainers have the most up-to-date information and technology tips to relay to C.A.R. members. Now you have the opportunity to become recertified for both WINForms® in a single day!  Recertification will be held on August 28th in Pleasanton, and November 9th in Santa Maria. Cost is $199 per person. Morning refreshments and lunch are included.

To register for this event, simply visit www.winforms.com/recertification/ or for more information, contact Jenny Cox at jennyc@car.org, 213-739-8213 or Albert Tran at albertt@car.org, 213-739-8235.

WINForms Online® for DRE Credit

Your can now receive 3 hours of Consumer Service credit towards your Department of Real Estate continuing education requirement by taking a C.A.R.-sponsored WINForms Online® class. C.A.R. staff teach the class and provide certificates, along with a WINForms® All-In-One Manual. Contact your Local Association to request that this class be held in your area. Minimum attendance of 30 students is required. For more information, contact Jenny Cox at 213-739-8213 or email jennyc@car.org.

WINForms® Compatibility for Windows Vista®

Both WINForms® Desktop and WINForms Online® are fully compatible with the Windows Vista® operating system. To ensure that you're using the latest versions of our software, visit www.winforms.com. Under the Support heading, click "Support and FAQs."  On the right-hand side you'll see a gray Vista Compatibilty button. Upon clicking the icon, you'll get two links. One update is for the Desktop version and one is for the Online version. After installing, use your software in your usual Vista® mode.

WINForms® Certified Trainer Programs

C.A.R. offers WINForms® Certified Trainer Programs that teach you how to become a Certified Instructor of the WINForms® program. Once the class is completed, the individual's name will be listed on the WINForms® Web site where they are available to be utilized by local Associations or others to become trained in the WINForms® program.  To schedule a WCIP at your association, contact us at winforms@car.org.  Cost is $199/person, and $99/additional person from the same office.

Below is a current list of Associations that have been certified to teach WINForms®. If you do not see your Association listed, please contact them and ask when they expect to make training available in your area. In order to ensure that you or your office is receiving the best, most up-to-date WINForms® information, please remember to use only Certified WINForms® Instructors. The following is a list of Associations, which are staffed with certified WINForms® trainers.

For a list of all Certified trainers, enter the following URL on your Internet browser Address: http://www.winforms.com/certificate/

Special Products & Services

What's New!

C.A.R. Sample Forms CD

Save space on your bookshelf! The May 2007 Sample Forms Book is now on CD!  With all of the same C.A.R. Standard Forms as the C.A.R. Sample Forms Book, the C.A.R. Sample Forms CD is now in a convenient, electronic format. The CD allows you to use the "find" feature to efficiently perform key word searches and identify which form(s) contain a specific phrase or clause. Includes all forms released in April 2007.  $16.95

C.A.R. Forms Tutor^TM
A self-guided online training resource for completing C.A.R. Standard Forms. Easy to use audio and text instructions for over 50 C.A.R. Standard Forms. Visit http://car.learningcenter.com/car/wftoday707.

WINForms® Companion Tools

WINForms® Interactive Training CD
A complete training tool to help you learn the timesaving functions of WINForms® Software - from basic to advanced tips and tricks.  $19.95

Learn more about WINForms® products and support at www.winforms.com

WINForms® All-In-One User Manual
This manual provides easy-to-follow instructions and pictured tutorials on topics such as creating new transactions, storing forms and a host of other program feature-related subjects; a pure necessity.

WINForms® Multi-User Versions
Office/Multi-user versions of the WINForms® are available to offices whose computer systems function in a  multi-user environment respectively, giving several agents access to the same computer. Customized CDs may be developed depending on office computers and agents.  A charge per CD per office annually is applicable.

Special New DRE Mandated Course: Risk Management (RM)

C.A.R. Risk Management Live Lecture course:
- Instructed by attorneys
- Satisfies the new DRE RM license renewal requirement
- Earns credit toward the GRI Designation (only C.A.R.'s course meets the GRI RM requirement)

Visit www.edesignations.com/RiskManagement  or call (888)785-4840 to register NOW!

C.A.R. Online Training
C.A.R. provides courses online for your convenience. Visit www.car.learningcenter.com.