Question

Since the issues in many transactions are similar, brokers often use standard preprinted contract forms. Generally, the best standard form contracts are those prepared and approved by which of the following parties?
A. Office supply firm
B. Seller
C. Local Board of Realtors
D. Web source of generic legal forms

Answer 1

Answer:

C.

Explanation:

Based on the information provided within the question it can be said that the best standard form contracts are prepared by the Local Board of Realtors. This is an association that is made up of various realtors and individuals working in the real estate industry. Therefore they know what works and what doesn't, as well as how a contract is best preferred in the industry.

Answer 2

Answer:

C. Local board of realtors

Explanation:

Local board of realtors are usually the ones providing the contract forms. This is because, real estate laws differs from state to state, so the contract forms becomes state specific, hence it should be provided by the local board of realtors found within that state. The board encompasses realtors and individuals working in real estate. Therefore forms provided by them are usually in the upmost quality. Hence why it is better to use their forms.