Nuts & Bolts of Real Estate Contracts

This section gives information about basic forms used in a real estate transaction. All the information is updated as needed, always ask your Broker, Coach or Transaction Coordinator for advice before moving forward with your transactions. We are here to assist you in becoming the strongest real estate professional and to keep you in compliance with the State of Alaska Real Estate Commission.

Documents 101

AREC (Alaska Real Estate Commission Consumer Disclosure)

This consumer disclosure, as required by law, provides you with an outline of the duties as a real estate licensee. The document is not a contract.
It is State Law that as a licensee, you must review and sign this document with any client, whether buyer or seller before continuing your real estate relationship. This document is the FIRST document you file in your transaction list. It must be fully executed with signatures and dates from all parties. If you are working with multiple clients on one transaction, all parties must be listed. If you are co-representing clients with another licensee from your Brokerage both licensees must be on the AREC.

Buyer Transaction Forms

AREC
Purchase and Sale Agreement (PSA)
PSA- Addendum or Amendment to the Purchase & Sale Agreement (as many as needed)
PSA- Counter Offer to the Purchase & Sale Agreement (as needed)
REBA Affiliated Business Disclosure
FHA/VA Amendatory Clause (as needed)
Counter Offer
Copy of Ernest Money Check
Amendment of PSA
Home Inspection Summary or Waiver
Repair Addendum
Well and Septic (as needed)
Lead-Based Paint Disclosure (built before 1978)
Preliminary Title Report
Title Report Acknowledgement
As-Built Survey (as needed)
Resale Certificate (if HOA)
HSA Affiliated Business Disclosure & Invoice if purchased
Early Occupancy Agreement (as needed)
Any additional Signed amendments
Termination Agreement if DFT signed by BOTH BROKERS.

Listing Transaction Forms

AREC
Exclusive Right to Sell
Property Disclosure or Waiver
Bill of Sale
Coming Soon
Delayed Marketing Agreement
REBA Affiliated Business Disclosure
MLS Pended PDF
Tax Print Out
Purchase and Sale Agreement PSA (from buyers agent)
FHA/VA Amendatory Clause (as needed)
Counter Offer
Copy of Ernest Money Check
Amendment of PSA
Home Inspection Summary or Waiver
Repair Addendum
Well and Septic (as needed)
Lead-Based Paint Disclosure (built before 1978)
Preliminary Title Report
Title Report Acknowledgement
As-Built Survey (as needed)
Resale Certificate (if HOA)
HSA Affiliated Business Disclosure & Invoice if purchased
Early Occupancy Agreement (as needed)
Any additional Signed amendments
Termination Agreement if DFT signed by BOTH BROKERS.

Alaska MLS

In Alaska real estate forms are held within the Alaska MLS. Licensees once signed with a Brokerage gain access to Alaska MLS for a minimal monthly fee paid directly to Alaska MLS. Most are created and updated by the MLS forms committee, some are Brokerage based, like the REBA Affiliated Business Disclosure which is required by our Brokerage, and some are created by the State of Alaska, such as the AREC, Property Disclosure, etc.

Upcoming Workshop Topics

Slide Title

AREC - Alaska Real Estate Commission Consumer Disclosure 101

Exclusive Right To Sell 101

Purchase and Sale Agreement 101

Guiding Sellers through Property Disclosure & Bill of Sale

Documents 101 Listing a Property

Documents 101 Submitting an Offer

Fair Housing & Alaska Legal Services Corporation's Fair Housing Project

Skyslope & Digisign 101

CHIME Website Setup