Why Real Estate Forms Are So Complicated

In this episode of The Den from the Lyons Group, the team dives into the surprisingly complex world of real estate contracts and forms. With insights from Ben, Paul, Shannon, and Aspen, you’ll learn how these documents have evolved, why they matter, and what changes are coming. Whether you're buying, selling, or just curious about the backend of real estate, this episode unpacks everything you didn’t know you needed to know about forms, disclosures, and the push for simplicity.

KEY TAKEAWAYS
• Real estate forms are designed to protect all parties, including agents
• NM and CO forms differ significantly in length and complexity
• The NMAR forms committee constantly updates documents to stay legally current
• Contracts often include outdated or irrelevant sections that confuse clients
• Menu-based contracts are being developed to streamline information
• Redundancy across forms is a major issue being addressed
• Disclosure forms have become overly simplified, losing important detail
• Clients increasingly sign electronically, making full comprehension harder
• Real estate agents play a critical role in educating clients on contracts
• New systems may generate timelines and summaries to enhance clarity

BEST MOMENTS
00:00:02. “Contracts and forms are a critical part of doing real estate business.”
00:01:16. “New Mexico forms are lengthy, they’re wordy, they’re tricky sometimes.”
00:02:56. “I didn’t actually volunteer for it. I was volun-told for it.”
00:05:47. “It has all kinds of information in there that may not be applicable to your house.”
00:09:26. “Not only is it confusing to the consumer… it can become confusing because two years ago the forms were different than they are today.”
00:12:15. “Our contracts have evolved so much. Shannon, what is your take on the way we used to do business?”
00:16:00. “We’ve got to go to the lowest common denominator, which is usually a new broker.”
00:19:25. “We rarely sit down with a client and actually go through every line item detail.”
00:22:17. “Once you have all the dates in there and everything signed, it pops out a calendar for you.”
00:28:23. “You get a tailored and boutique service when you’re looking to buy or sell your property.”

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