1. Commercial Webinar Series hour presentation TAR Commercial Purchase Contracts presented by Rick Albers Questions will be answered at the end For technical questions call

2. Commercial Webinar Series Texas Association of Realtors® Commercial Purchase Contracts Presented by Rick Albers Kuperman Orr & Albers, P.C S. MoPac, Suite 325 Austin, Texas March 26, 2015

3. Topics Purchase Contracts Addenda & Exhibits
Completion of the Contract Forms
Use of Addenda
Common Mistakes
How to Obtain the Forms 3

4. TREC vs TAR
TREC –Texas Real Estate Commission – licensing agency (governmental)
TAR – Texas Association of Realtors® – professional trade organization
provides services to it members
attempts to influence TREC’s rules and
regulations

5. TAR Commercial Purchase Contracts
Commercial Contract - Improved Property (TAR 1801)
Commercial Contract - Unimproved Property (TAR 1802) 5

7. Paragraphs 1 & 22 E

8. Paragraphs 1 & 22 E
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9. Paragraph 2 A – Property Description

10. Paragraph 2 A – Property Description

11. Paragraph 4 & Financing Addendum

12. Paragraph 6 B - Survey

13. Paragraph 6 C – UCC Search

14. Paragraph 7 B – Feasibility Period

15. Paragraph 7 D(1) - Property Information

16. Paragraph 8 B – Estoppel Certificates

17. Paragraph 8 B & Agreement Between Brokers

18. Paragraph 8 B & Agreement Between Brokers
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19. Paragraph 8 B – Commission (County)

20. Paragraph 9 - Special Provisions

21. Paragraph 19 A - Property Condition Statement

22. Paragraph 20 - Notices

23. Addendum – the word
Addendum – something added to the original Contract
Addendums – plural (commonly accepted)
Addenda – plural (original Latin form)
Addendas – plural-plural
Amendment – a change to the Contract after execution 23

24. TAR Commercial Contract Addenda & Exhibits
Pre-Contract
Commercial Letter of Intent to Purchase (TAR 1803) 24

26. Addendums and Exhibits
Commercial Contract Financing Addendum(TAR1931) 26

28. Addendums and Exhibits
Commercial Contract Financing Addendum(TAR1931)
Commercial Contract Exhibit (TAR 1937)
Commercial Contract Addendum for Special Provisions (TAR 1940)
Condominium Addendum to Commercial Contract (TAR 1930) 28

30. Addendums and Exhibits
Commercial Contract Financing Addendum(TAR1931)
Commercial Contract Exhibit (TAR 1937)
Commercial Contract Addendum for Special Provisions (TAR 1940)
Condominium Addendum to Commercial Contract (TAR 1930)
Addendum for Reservation of Oil, Gas, and Other Minerals (TAR 1905) 30

32. Addendums and Exhibits
Addendum For Seller's Disclosure of Information On Lead-Based Paint (TAR 1906)
Addendum for Coastal Area Property (TAR 1915)
Addendum for Property Located Seaward of the Gulf Intracoastal Waterway (TAR 1916)
Non-Realty Items Addendum (TAR 1924)
Commercial Property Condition Statement (TAR 1408) 32

34. Negotiation
Seller's Invitation to Buyer to Submit New Offer (TAR 1926) 34

36. Amendments
Commercial Contract Amendment (TAR 1932) 36

39. Administration
Commercial Contract Critical Date List (TAR 1942) 39

41. Administration Commercial Contract Critical Date List (TAR 1942)
Condominium Resale Certificate (TAR 1921)
Condominium Information Statement (TAR 1934)
Authorization to Obtain Consumer Report (TAR 1929)
Commercial Tenant Estoppel Certificate (TAR 1938) 41

43. Administration Commercial Contract Critical Date List (TAR 1942)
Condominium Resale Certificate (TAR 1921)
Condominium Information Statement (TAR 1934)
Authorization to Obtain Consumer Report (TAR 1929)
Commercial Tenant Estoppel Certificate (TAR 1938)
Buyer's Walk-Through and Acceptance Form (TAR 1925)
Seller's Estimated Net Proceeds (TAR 1935)
Buyer's Estimated Costs (TAR 1936) 43

44. Assignment
Commercial Contract Assignment of Buyer's Interest (TAR 1943) 44

46. Termination
Commercial Contract Termination Notice (TAR 1939) 46

48. Termination Commercial Contract Termination Notice (TAR 1939)
Release of Earnest Money (TAR 1904) 48

50. FORM ACCESS Obtain PDF copies of Forms through TAR Website
Complete Forms with zipForms 50

56. Rick Albers ralbers@koalaw.com
Questions ?
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Rick Albers 56

57. Thanks for your participation in the TAR Commercial webinars!
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Today, March 26, :00 PM CDT
Pre-Hill (Legislature) Visits for Commercial Brokers
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April 23, :00 AM CDT
Commercial Leasing Basics
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