Did I mention how much I dislike several of the Chicago Association of Realtor form contracts that are pretty popular with City of Chicago real estate agents??
Most of my transactions involve Chicago property or North suburban property. In the suburban deals everybody uses the Multi-Board Contract and it seems that many Chicago agents are going that way but certainly not all.
We just got a Chicago contract in using the CAR contract and it’s simply laughable…I kid you not the only legible words on the contract are the title: “Chicago Association of Realtors Condominium Real Estate Sale Contract.” And the primary problem: Font size. Looking at the CAR contract side-by-side with the Multi-Board, the CAR must be font size 5 versus 10/11 for the Multi-Board. Hmmm…the ability to actually read the terms of a contract can be important, no?? After a few fax-backs you aren’t reading some form in font 5.
And second is the annoying notice provision in the CAR contract:
D. Notice. All notices required by this Contract shall be in writing and shall be served upon the Parties or their attorneys at the addresses provided in this Contract. The mailing of notice by registered or certified mail, return receipt requested, shall be sufficient service when the notice is mailed. Notices may also be served by personal delivery or commercial delivery service, by mail-o-gram, telegram, or by the use of a facsimile machine with proof of transmission and a copy of the notice with proof of transmission being sent by regular mail on the date of transmission. In addition, facsimile signatures shall be sufficient for purposes of executing, negotiating, and finalizing this Contract. E-mail notices shall be deemed valid and received by the addressee when delivered by e-mail and opened by the recipient, provided that a copy of the e-mail notice is also sent by regular mail to the recipient on the date of transmission.
Just sent out an attorney modification/inspection letter out last night pursuant to this provision and unlike the Multi-Board, I have to ask to change notice provisions in my attorney modification letter & I have to both fax and mail my letter. Small stuff, but oh so bothersome.
Thanks for the post. What do you all think of the future of blogging? I have been reading a lot about google’s attempt to gain preferential treatment for its site from internet providers. This will result in their sites being faster than sites owned by individuals and/or smaller comapnies. It’s my beleif that if google is able to succeed there will be far less websites out there and therefore far less blogging.
Is this the way to the library?
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