RRG Tip of the Month
By: GLVAR, 2/1/2012

Beware of Copyright Infringement

The Residential Purchase Agreement used in ZipForm® (and sold in the GLVAR Real Store) is copyrighted work of GLVAR. No section of the GLVAR RPA may be independently amended, re-written, or otherwise modified by any agent or broker. This includes digitally completing a blank in the form and removing the underline. If parties wish to amend the RPA, the new terms should be stated in an addendum or in paragraph 28 (additional terms).

All agents should be aware that in the past some agents or brokers have modified the GLVAR RPA and changed the terms it contains. Do not assume that the contract has not been modified, read the entire contract (especially the key terms) every time.

Copyright infringement is punishable under Federal law by a statutory fine of up to $30,000. If the copyright holder can show the infringement was done willfully, the fine is up to $150,000.



2/1/2012
Category: RRG

Published in: Southern Nevada Realtor Magazine