May/June 2002 - C/I Standard Forms Committee

How important are CBR Standard Forms
to our Commercial/Investment Section Members?

Chris Bell, Chair
C/I Standard Forms Committee Committee

The purpose of C/I Standard Forms is to develop and revise contracts and forms for C/I members.

Key elements for this committee include:
• Improving Broker and Agent profitability
• Enhance CBR's value and members' perception of its value
• Increase educational opportunities

  Our goals for this year are to continue revisions of documents that have not been reviewed within the previous three years.

  We are working toward changing all current CBR C/I form contracts (currently provided to the membership) from legal size (8 ½” x 14") to letter size (8 ½” x 11').

  Among other projects, C/I Standard Forms Committee is currently surveying the C/I membership to understand the use and awareness of CBR's standard forms and contracts. Some preliminary results show a good majority of C/I Realtors® use their own in-house form and were unaware of the resources available from Standard Forms. Some results follow:

Use of CBR Standard Forms & Contracts by C/I Members

SURVEY RESULTS
(24 completed surveys received to date)

How often do you use CBR standard forms & contracts?

	Frequently	Occasionally	Never
Agreement to Lease	3 (12%)	8 (32%)	12 (48%)
CI Buyer Agency Agreement(Excl.)	5 (20%)	9 (36%)	9 (36%)
C/I Buyer Agency Agreement (Non-Excl.)	3 (12%)	6 (24%)	15 (60%)
C/I Buyer/Tenant Agency Agreement (Excl.)	3 (12%)	11 (44%)	9 (36%)
C/I Buyer/Tenant Agency Agreement (Non-Excl.)	2 (8%)	5 (20%)	14 (56%)
C/I Tenant Agency Agreement (Excl.)	5 (20%)	7 (28%)	10 (40%)
C/I Tenant Agency Agreement (Non-Excl.)	3 (12%)	5 (20%)	14 (56%)
Exchange Contract	6 (24%)	4 (16%)	13 (52%)
Excl. Right to Sell or Lease Contract	10 (40%)	7 (28%)	6 (24%)
C/I Purchase Contract	14 (56%)	5 (20%)	4 (16%)
Referral Commission Agreement	5 (20%)	8 (32%)	10 (40%)
Registration & Cooperation Agreement	3 (12%)	7 (28%)	13 (52%)
Mutual Release	6 (24%)	6 (24%)	11 (44%)
Before/After Closing Checklist	5 (20%)	3 (12%)	15 (60%)

Would you use these standard contracts/forms
if they were accessible from CBR's website? YES: 23 (92%) NO: 1 (4%)