This page will serve as a hub for information related to the impact of the COVID-19 outbreak on real estate in Berks County. It will be updated immediately when new information is made available. Important: The situation regarding COVID-19 the Governor's orders is ongoing, and changes hour by hour. This information was last updated on Friday, March 27th at 10:30 am.
Frequently Asked Questions
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PAR has published Form COVID, which allows the parties to agree that either is permitted to extend the Agreement of Sale if performance becomes impossible (and to then do the extension if necessary). They have also updated the Change in Terms Addendum (Form CTA), which can be used to extend any date or alter other terms of the Agreement by mutual consent of the parties.
Brokers may have developed their own forms with advice of brokerage counsel, but in no circumstances should licensees be writing their own addenda and engaging in the unlicensed practice of law.