Preparing Legal Documents
Licensees should not prepare legal documents such as deeds, mortgages, and promissory notes. Activities of this nature may result in charges of practicing law, leading to disciplinary action and liability for damages in a civil suit.
Real estate brokers may prepare listing agreements, sale contracts, option contracts, and lease agreements (on the Supreme Court-approved form) in the course of their business.
Real estate licensees should recommend to a buyer or seller to have an attorney draw an option contract or, to reduce liability, licensees should use standardized option contract forms.
If an advertisement states that, for a fee, a licensee would complete or review contracts for persons not buying through the licensee, that licensee would be practicing law.Licensees should not prepare legal documents such as deeds, mortgages, and promissory notes. Activities of this nature may result in charges of practicing law, leading to disciplinary action and liability for damages in a civil suit.
For infomation on Rowlett Real Estate School and our classes in Panama City, Fort Walton, Pensacola and Destin, visit our website at www.rowlettrealestateschool.com . Or give Captain Wayne a call at 850-547-1333Rowlett Real Estate School is a full service Florida Real Estate School offering classroom training in Panama Ctiy Beach Florida and Destin Florida, Fort Walton Beach and Pensacola. We offer a full line up of courses on-line and in classroom for all your real estate license requirements.
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