Preparation of Contracts

This is the golden rule for agents: We do not write contracts; we fill them out.You must use standardized forms prepared by attorneys (like the "FAR/BAR" contracts used in Florida). Organizations like Florida REALTORS® create these forms for their members to use. You are allowed to fill in the blanks (Names, Dates, Prices) on these pre-approved forms. If you start writing long, complex paragraphs in the "Additional Terms" section, you are risking unauthorized practice of law. If a client needs a complex clause, tell them to call an attorney. For a contract to be valid and enforceable by law, it must include four essential elements:Contractual capacity of the parties (competent parties)Offer and acceptance (mutual agreement)Legality of object (legal purpose)Consideration (something of value exchanged)