May 31st, 2008
New Utah Real Estate Purchase Contract (REPC)
Utah’s draft Real Estate Purchase Contract (REPC) is online and currently in it’s public comment phase. I’ve given the state my feedback on the contract. I’m quite happy to see that the contract has language governing e-mail transmissions and other electronic transmissions, but I was disappointed to see that the Real Estate Commission has yet to address the confusing verbage at the top of the contract:
Utah law requires real estate licensees to use this form. Buyer and Seller, however, may agree to alter or delete its provisions or to use a different form.
