Don't take shortcuts with real estate contracts

Realtor Notebook

I torture myself every September by attending a legal forms class.

Once a year a lawyer with the state association of Realtors holds a class to update us on the real estate forms, which are changed every August to reflect the new laws made that take effect every July. They keep passing laws and adding more pages to the contracts.

The class itself isn’t torture, and I usually enjoy it. Understanding the purchase agreement and listing contract are critical parts of my job and I like to know what I am talking about when I go through them, line by line, with my clients. They are legal contracts, and buying real estate is a big deal.