Form  # 

Form Name

New  / Revised

Changes

1100

Broker Compensation Information Sheet

New

Answers a lot of compensation questions
NMAR Explainer Video

1101

Seller Notice of MLS Rule Changes

New

Disclosure Form: For use with fully executed pre-revised listing agreements
NMAR Explainer Video  (at end)

1102

Buyer Notice of MLS Rule Changes

New

NMAR Explainer Video

1106

Listing Agreement - Exclusive Rights to Sell

Revised

References  NMAR Form 1100 (Broker Compensation Information Sheet), revised  broker duties,  defined and adjusted language of dual representation, defined Unreprsented Buyer, exclusions moved within document, added compensation acknowledgment by Seller, Co-Op Broker commission removed,  references NMAR Form 4660 (Seller’s Compensation to Buyer’s Broker),   Seller assistance/concession may not specifically earmarked for Buyer-Broker commission, Unrepresented Buyer checklist for lising broker willingness to show/open property and provide NMAR forms, Buyer-Broker/Buyers access to property, Broker consent yes/no boxes reformatted into paragraphs, Broker language regarding advice and  liability
NMAR Explainer Video

1108

Compensation and Cooperation –
Broker to Broker

Revised

Small revisions throughout, no significant substantive changes
NMAR Explainer Video

1206

Buyer Broker Agreement

Revised

Dual Representation consent by Buyer or selection of 'Broker Chooses New Broker 'or 'Buyer Chosses New Broker'

References    NMAR Form 1100 (Broker Compensation Information Sheet) and that Buyer has not entered  into another Broker agreement
NMAR Explainer Video

1206A

Buyer Broker Agreement - Short Form

New

Dual Representation consent
NMAR Explainer Video

1208

Notice to Unrepresented Buyer

Revised

Used by a listing broker if a buyer does not wish to work with ANY buyer’s broker – not the listing broker and not another buyer broker; or

If the listing broker was not willing to represent the buyer and the buyer refused to obtain their own broker to represent them.

This form would ONLY be used if the buyer insisted on representing themselves.
NMAR Explainer Video

1208A

Unrepresented Party Use of Forms

New

Use of  NMAR Forms by Unrepresented Party,  Buyer or Seller, use for  a specific transaction ONLY, subject to copywrite law
NMAR Explainer Video

1820

Information Sheet - Multiple Listing Service

Revised

Clear cooperation added, no Buyer -Broker compensation in MLS
NMAR Explainer Video

2001

Broker Notification of Compensation

New

Can be used for Listing Brokers and for Buyer-Brokers on the Sellers notice to the title company of what the Seller is paying  and to whom
NMAR Explainer Video  (at end)

2101

Price Modification / Seller Credit

Revised

Para. 1(A): Clarified that licensed contractors are only required if required by law

Para. 1(C): Added “Buyer Broker Commissions” to Seller Credits

Para. 1(C): Now provides options –Seller credits disallowed by lender MAY be used to reduce purchase price or MAY NOT be used to reduce purchase price

2301

Buyer Broker Compensation Third Party Beneficiary

Revised

May be used by a Buyer and included with a Purchase Agreement if/when the Buyer is requesting the Seller to pay some/all of the Buyer-Broker’s Commission

4660

Seller’s Compensation to Buyer’s Broker

Revised

This form was called “Seller’s Bonus to Buyer’s Broker”. It was renamed and small changes were made throughout.
NMAR Explainer Video

5115

Buyer Broker Agreement Termination Addendum

New

Terminates the Buyer Broker Agreement

5116

Buyer-Broker Compensation Addendum

New

5143

Resolution Addendum

Revised

Same changes as made to Form 2101