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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Don Green who wrote (14653)10/29/2003 11:55:39 AM
From: bobby is sleepless in seattleRead Replies (1) of 306849
 
in this state, it is exactly that, a standard contract that is put together by a team of attorneys in such a manner that is fair and reasonable to all parties concerned. RE agents have the privelege of "filling in the blanks". Going beyond that, agents are then held to the standards of an attorney without a license to practice. This is a huge gray area since nearly all transactions are amended to some extent.

Attorneys are able to utilize these contracts supported by the local board without having a memberhsip. In most transactions that involve attorneys, these exact documents are used because they are standard and easily (?) understood by all parties.

Typically, where the confusion begins happens to be non-standard forms.

Attorneys can muddy the waters and generally do so. But so can any party to the transaction.
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