Legal Question in Real Estate Law in Illinois

Hello Lawguru,

This is my first question and i have a MLA Contract that is twenty something pages long for dealing with commercial realestate and i need a realestate contract experienced attorney to look it over and let me no that it is legal binding in my state where i live at to do transactions on properties,but i do not have any money yet to pay for the Looking over my contract yet and i would love to have a realestate attorney be on my side when i start investing.Have a nice day and Thanks for the free info you are a big help to everyone who ask for help.


Asked on 3/15/11, 9:14 pm

1 Answer from Attorneys
Bruce Burdick Burdick Law Firm

You want a real estate attorney to look over a 20 page contract for free? Good luck with that.

Most MLS listing contracts are fully vetted by the local MLS and binding, yet subject to rescission or termination for breach. If you want to know if your "MLA Contract" is a standard MLS listing contract, ask a title company or another realtor for a copy of a standard MLS listing contract for your area and compare the two. You also can find several versions online. These are relatively standardized nationwide because Century 21, Remax, Coldwell Banker, Prudential, etc are nationwide. That said, it is common for real estate agents to screw up the MLS listing contract, the listing, or the sales contract, and a good real estate attorney can let you know if that is your situation -- but it will not happen for free unless you have a lawyer friend or lawyer relative who is feeling generous.

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Answered on 3/16/11, 8:47 am


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