How to Access the New NMAR Forms

On July 26th, NMAR released new forms to comply with the NAR settlement agreement. 

How to Access New & Updated Forms

Click to go to NMAR Member Portal

  1. Visit nmrealtor.com
  2. Go to Member Login
  3. Enter your Username (your NRDS number) and your Password (last name in lowercase)
  4. Go to the top menu and select Legal Resources
  5. Scroll down to New & Revised Forms
     

New/Revised Forms - July 26th


Form 1100 – Broker Compensation Information Sheet (2024 Jul) – NEW

Form 1101 – Seller Notice of MLS Rule Changes (2024 Jul) – NEW

Form 1102 – Buyer Notice of MLS Rule Changes (2024 Jul) – NEW

Form 1106 – Listing Agreement – Exclusive Right to Sell (2024 Jul) – REVISED

Form 1108 – Compensation and Co-op – Broker to Broker (2024 Jul) – REVISED

Form 1206 – Buyer Broker Agreement (2024 Jul) – REVISED

Form 1206A – Buyer Broker Agreement – Short Form (2024 Jul) – REVISED

Form 1208 – Notice to Unrepresented Buyer (2024 Jul) – REVISED

Form 1208A – Unrepresented Party Use of Forms (2024 Jul) – NEW

Form 1820 – Information Sheet – Multiple Listing Service (2024 Jul) – REVISED

Form 2001 – Broker Notification of Compensation (2024 Jul) – NEW

Form 2301 – Buyer Broker Comp Third Party Beneficiary (2024 Jul) – REVISED

Form 4660 – Seller’s Compensation to Buyer’s Broker (2024 Jul) – REVISED

Form 5116 – Buyer-Broker Compensation Addendum (2024 Jul) – NEW

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Form 2101 – Price Modification/Seller Credit (2024 Mar) – REVISED

Form 5143 – Resolution Addendum (2024 Mar) – REVISED

Form 5115 – Buyer Broker Agreement  Termination Addendum (2024 Mar) – NEW 

Description of Changes for 2024 New & Revised Forms
 

Form  # 
Form Name
New  / Revised
Changes
1108

Compensation and Cooperation –
Broker to Broker

Revised

Small revisions throughout, no significant substantive changes
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
5143

Resolution Addendum

Revised

Same changes as made to Form 2101
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.
5115

Buyer Broker Agreement Termination Addendum

New

Terminates the Buyer Broker Agreement
1208

Notice to Unrepresented Buyer

New

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.
2301

Buyer Broker Compensation –
Third-Party Beneficiary Addendum

New

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

If you have any questions, please contact:
NMAR Legal Hotline (available only to NMAR members)  at 505-821-1583 or legalhotline@nmrealtor.com