This is the complete list of all of the 2021 Georgia Association of REALTOR® Contract Forms. This course is taught by Cheryl King, Partner of Thomas & Brown and Director of The Infinity Institute, a GREC Real Estate School. cherylking@proclosers.com

1. INFINITY INSTITUTE
WHAT CHANGED 2021 GAR CONTRACTS
© Cheryl Conner King

2. ANNOUNCEMENTS
 THIS CE COURSE IS APPROVED FOR 3 HOURS OF CREDIT; IT
FULFILLS THE REQUIREMENT FOR A MINIMUM OF 3 CE HOURS IN
GEORGIA LICENSE LAW PER LICENSING PERIOD
 TO GET CREDIT FOR THE COURSE, YOU MUST BE IN THIS ROOM
FOR THE FULL 3 HOURS MEANING:
 BE HERE AT THE TIME COURSE BEGINS;
 BE HERE AT THE TIME BREAK CONCLUDES;
 BE HERE AT THE TIME THE COURSE ENDS; AND,
 ALL TIMES IN BETWEEN (EXCEPT DURING THE BREAK) 2

3. ANNOUNCEMENTS
TURN OFF YOUR TELEPHONE
 I CANNOT GIVE YOU CREDIT IF AT ANY TIME DURING THIS
CLASS YOU COMMUNICATE WITH OTHERS NOT IN THIS
CLASS, WHETHER BY:
 TALKING
 TEXTING
 EMAILING, OR
 ANY OTHER FORMS OF COMMUNICATION
3

4. ANNOUNCEMENTS
 THERE IS NO SOLICITATION FOR EMPLOYMENT (ENTICING ANY
LICENSEE TO JOIN ANOTHER BROKERAGE) AT ANY APPROVED
GREC COURSE
 THIS INCLUDES SOLICITATION AT THIS LOCATION:
 WITHIN ONE HOUR BEFORE THE COURSE BEGINS;
 DURING THE COURSE, INCLUDING ANY BREAK; AND,
 FOR ONE HOUR AFTER THE COURSE HAS ENDED
THIS IS SET OUT IN 520-2-.02(10) 4

5. OBJECTIVES
 EXPLAIN REVISIONS,
DELETIONS, AND
ADDITIONS IN THE
FORMS.
 REVIEW LICENSING
COMPLIANCE WITH THE
FORMS USE AND
IMPLEMENTATION.
EFFECTIVE DATE
 FORMS GO INTO
EFFECT 01/01/2021,
NOT 01/31 AS IN
YEARS PRIOR TO
2016.
 OLD FORMS ARE TO BE
DESTROYED AS OF
12/31/2020 AND WILL
BE REMOVED FROM
YOUR FORMS
DOCUMENTS LIBRARY.
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7. SUMMARY LIST OF CHANGES

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10.  TO PREVENT AGENTS FROM BEING SUED.
 TO PROTECT THE INTEGRITY OF THE DOCUMENTS.
 TO FAIRLY BALANCE THE RIGHTS OF BUYERS & SELLER IN TRANSACTIONS.
 TO COMPLY WITH CHANGES IN THE LAW (LOCAL AND FEDERAL)
 TO BETTER CLARIFY THE LANGUAGE SO THAT YOU KNOW WHAT IS
PROTECTING YOU.
 TO CLEAR UP MISCONCEPTIONS THAT HAVE COME TO LIGHT BASED UPON
QUESTIONS RECEIVED BY THE HELPLINE.
 BTW - SMALL CHANGES WERE HOTLY DEBATED BECAUSE THEY AFFECT
OTHER FORMS. 10
REASON FOR CHANGES

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49. Does not eliminate the requirement
in the paragraph to re-prorate. May
confuse the Sellers but really is
supposed to mean that the Buyer
has to pay it and then pursue the
Seller for their share.

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F201
F204

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Sales Price?
Seller contribution?
Earnest Money?
Close Date?
Personal Property?

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75. NEW FORM

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Separated the transfer cost
from the annual cost but
badly worded – look for a
correction mid-year. Can I
get a “what”?

78. NEW FORM

79. NEW FORM

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Do NOT use this section for management company fees that should be disclosed under the Seller Warranty.
This is a catchall for another other weird but recurring fees due to the association.

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(2)

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120. NEW SPECIAL STIPULATION

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153. TE
(E) EDUCATION@THEINFINITYINSTITUTE.ORG
153
Cheryl King
Partner
www.thomasandbrownlaw.com
(e) CherylKing@proclosers.com
(p) 678.869.3000