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Patti Fergus…, Real Estate Pro in 93942

Are the any agents in California still using the PRDS forms?

Asked by Patti Ferguson, 93942 Mon Aug 20, 2007

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8
Wondering why the TD for my factual answer? Did the TD bandit strike again?
1 vote Thank Flag Link Wed Jan 30, 2008
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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The Peninsula side of the Bay. Most of the East Bay and South Bay are using the CAR forms.
Web Reference: http://pamwinterbauer.com
1 vote Thank Flag Link Mon Aug 20, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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PRDS refers to the pennisula region data service forms that agents on the pennisula use. They are still in use.
1 vote Thank Flag Link Mon Aug 20, 2007
Intero uses the 2007 PRDS exclusive right to sell. The wording seems illegal. The 2014 form seems OK. Is it still legal to use the 2007 form?
0 votes Thank Flag Link Wed Dec 10, 2014
Amazing that we still have these fifedoms where they write their own contracts and don't take advantage of the huge staff of CAR attorneys and their up-to-date research. Some habits die hard. I think the better question would be "Are there any agents out there who still use MLS books?"!!
P.S.--Pam--I double TU'd you for justice sake!
0 votes Thank Flag Link Thu Jan 31, 2008
I prefer CAR forms, and I only use PRDS if the listing agent wants me to submit an offer on it.
0 votes Thank Flag Link Wed Jan 30, 2008
Dave is correct. Major SILVAR (Silicon Valley Association of Realtors) like to use these forms, and it is interesting to see comments in the MLS periodically from agents requesting "PRDS forms please."

I like to use these forms as they are very pro-buyer, and there is less opportunity for error (look at all of the different checkboxes on the CAR contract, I see too many agents make mistakes). They also incorporate "As-Is" language into the contract very nicely.

One of the disadvantages that I have seen, though, is that the seller has the option to cancel the purchase agreement if the buyer is late on one of their contingency removals.

The nice thing about the CAR (California Association of Realtors) agreements is that the seller at least has to provide a "Notice to Perform" to the buyer before cancelling.

Of course, we highly avoid trying to get into those situations. :) Just noting some differences I have seen.

-Aaron Wheeler, President, Oakville Properties & Oakville Capital
0 votes Thank Flag Link Mon Aug 20, 2007
Definitely the predominant form from Sunnyvale north to just before San Francisco. There are not many differences between the PRDS form and CAR's form now. There were many years ago and there was good reason to favor the PRDS form them. From what I understand PRDS has been the leader in best form to use, which eventually got accepted statewide by CAR.
0 votes Thank Flag Link Mon Aug 20, 2007
Mario Pinedo,…, Real Estate Pro in Beverly Hills, CA
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