The July 2023 updates to the National Association of Realtors’ (“NVAR”) standard contract forms are out and will be effective July 1, 2023 – they resulted in 4 new forms and modifications to 21 existing documents. It sounds intimidating, but a majority of the changes can be attributed to just a handful of major modifications and ensuring uniformity among the contract documents with respect to these changes. Those changes are as follows:

What is the right way to void a contract? The short answer is - it depends on what the contract says.