CW: “How the MAR Contract Can Help You or Hurt You"

[David Page]

The Maryland Association of Realtors contract keeps growing and mutating.
Do you really know what it says? Better find out! https://www.baltimorereia.com/...

Your presenter: Bob Brendel,attorney and real estate broker

On our next “Connections” webinar, local expert Bob Brendel helps you understand critical language in the Maryland Association of Realtors (MAR) contract. The contract has been in use for decades and, by necessity, is in a constant state of revision. A proposed offer may be crafted from a library of over 100 forms — not pages, forms — and may include: — more than a dozen transaction-specific contingencies.— timeframes for performance or inspections.— related qualifications as to test results.— county-specific implications. This event is not an attempt to replace the expertise of an agent. But Bob will help you gain a critical understanding of language that can make a difference of thousands of dollars when carefully crafted in the contract. Topics will include:

• Whether a licensed agent must use an MAR contract.
• What “using” the contract means: filling in the blanks vs. writing a contract — that is, what are the capability and liability of the agent and brokerage?
• Can boilerplate language be modified?
• What happens when material terms are missing?
• Why you don’t use a postal address as a property description.
• Why is the brokerage part of the contract?
• When can a buyer get out of a contract unilaterally? When can a seller do so?
• Is the MAR contract a “buyer’s contract” or a “seller’s contract”?
• What prevails when language is conflicting?
• When “as-is” means precisely that, and when it only means “kinda.”

This hands-on, hour-long event offers you tools that make the difference between a contract that’s barely legally sufficient and one that applies MAR pre-written terms to your benefit. About your presenter. Bob Brendel is a veteran real estate agent and attorney. Also a past President of Baltimore REIA. Who should attend this event. You! Investors with every level of expertise will take away knowledge they can put to immediate use. Bob adds, “Invite your licensed agent to join us, too.”