The funding contribution (Form 22A) has been revised to allow the parties to negotiate another purchase price if the valuation is below the purchase price. Under the new paragraph 7, point b) iii), the seller has the option to react after providing a minor valuation by proposing a new purchase price higher than the assessed value, but below the current purchase price. The seller`s proposal implies the obligation for the buyer to pay the necessary additional funds (the amount that the purchase price exceeds the valuation) to close the sale. The e-mail notification provision also requires that all messages or documents be sent to the broker and the company in order for delivery to be effective. However, the revised form provides that if the broker receiving the notification or document confirms receipt in writing, the delivery is effective, although the notification or document was sent only to the broker and not to the company. The provision specifies that an „automatic” electronic response does not constitute written confirmation. Disclosure statement of sellers` real estate (form 17) – State statutes provide that an accepted offer to purchase a residential property must contain documents that reveal the condition of the property. This accompanying disclosure must be notified to the buyer within five days of the signing of the sales contract. Once the disclosure has been received, the purchaser has three days to decide whether the condition of the property is acceptable and whether he wishes to close the sale. If the content of the disclosure is unacceptable to the purchaser, they are given three days to terminate the contract in writing. If no written notification of revocation is sent, the contract remains binding. The revised random change to the closing date (Form 22Y) allows the parties to change the closing date of the agreement to another date. The previous form allowed only an extension of the reference period.
The form also allows parties to change other dates in the agreement and include additional conditions. The Communication of Noise Limits in Iceland County (Form 22W) has been revised to include the Oak Harbor City Noise Requirement (previously included in 22X form). The Oak Harbor Noise Disclosure (form 22X) has been removed from publication. This review minimizes the number of forms brokers must use for real estate in Oak Harbor. Lead-based colouring – Used to inform buyers of the presence of lead paint on the site (only for apartments built before 1978). Lead-Based Paint Disclosure (42 U.S. Code ` 4852d) – It is mandatory that the agreement contain a language that expresses the possibility of colour exposure to lead in the context of buildings built before 1979.