What form should be used to record a verbal offer?

The correct form to record a verbal offer is the AM Form. This form is specifically designed for registering and documenting offers made verbally, ensuring that there is a clear and formal record of the intent and conditions of the offer. It provides a standardized method to capture the necessary details, which can later be referenced during discussions or negotiations, confirming the parties’ commitment.

Using the AM Form helps protect both the buyer and seller by documenting the terms that were discussed, minimizing misunderstandings that could arise from informal communication. It serves to maintain proper compliance with the regulations governing real estate transactions.

In contrast, other forms like the CP Form, VO Form, and PO Form are intended for different purposes within real estate transactions, such as representing property agreements or other types of offers, and do not cater specifically to the unique characteristics of a verbal offer. This distinction is important for ensuring all offers are accurately documented according to the correct guidelines.