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Residential Real Estate Committee

The Residential Real Estate Committee deals with matters which facilitate the role of lawyers in residential real estate transactions and which provide the public with information pertinent to such transactions. It develops and publishes residential real estate forms available to practitioners and to the public.

Current Roster for the Residential Real Estate Committee.

Real Property Forms© available free to MSBA members at practicelaw.org:

Agency

No.
Title
Revised
50
Agency Relationships in Real Estate Transactions
2011
51
Listing Contract
2011
52
Dual Agency Disclosure Addendum To Purchase Agreement
2011

Disclosures Prior to Purchase Agreement

No.
Title
Revised
15
Condition of the Property
2005

15-
Add.
Addendum: Notice of Airport Zoning Regulations
2007

Purchase Agreements

No.
Title
Revised
1
Minnesota Standard Residential Purchase Agreement
2008
13
Minnesota Standard Residential Purchase Agreement and Contract for New Construction
2009
23
Minnesota Standard Residential Purchase Agreement: Fiduciary Seller
2009
30
Minnesota Vacant Lot Purchase Agreement - Single Dwelling
2008
31
Minnesota Vacant Land Purchase Agreement - Multiple Dwelling
2008
32
Minnesota Vacant Land Purchase Agreement - Residential Development Tract
2008

Financing Addenda

No.
Title
Revised
2
Financing Addendum for Conventional or Privately Insured Mortgage
2008
3
Financing Addendum for F.H.A. Insured Mortgage
2008
4
Financing Addendum for D.V.A. Guaranteed Mortgage
2008
5
Financing Addendum for Seller Mortgage
2005
6
Financing Addendum for Contract for Deed
2005
7
Financing Addendum for Assumption
2005

Purchase Agreement Addenda for Disclosure and Contingency

No.
Title
Revised
8
Addendum to Purchase Agreement: Wetlands, Shoreland and Flood Plain Disclosure
1997
9
Addendum to Purchase Agreement: Contingencies for Sale or Purchase of Other Home(s)
1997
11
Lead Paint Addendum for Housing Constructed Before 1978
2008
14
Disclosure of Sewage Treatment System
2009
17
Addendum to Purchase Agreement: Contingencies for Survey, Appraisal, Development Evaluation, and Archeological / Historical Survey
2005
18
Addendum to Purchase Agreement: Buyer’s Home Inspection Contingency
2005
21
Well Disclosure Statement
2005
22
Methamphetamine Disclosure Statement
2005

Common Interest Community

No.
Title
Revised
12
Addendum to Purchase Agreement: Common Interest Community Property
2010
16
Minnesota Common Interest Community Resale Disclosure Certificate
2010

Purchase Agreement Addenda for Title Issues

No.
Title
Revised
19
Addendum to Purchase Agreement: Title Issues
2005
20
Addendum to Purchase Agreement: Tenants and Parties in Possession
2005

Bill of Sale

No.
Title
Revised
90
Warranty Bill of Sale
2005

Lease

No.
Title
Revised
41
Minnesota Standard Residential Lease
2000

Construction Contracts

No.
Title
Revised
91
Contract for Repair, Replacement, Restoration, or Remodeling
2009
92
General Contract for New Construction
2009

Forms and publications available to the public:

NEW: The Important Role of an Attorney in a Residential Real Estate Transaction. This article first appeared in November, 2005, as Section 20 of Real Estate Law and Practice - 2005, the handbook of the Minnesota Real Estate Institute. The Institute is held each November and is a cooperative presentation of the MSBA Real Property Law Section and Minnesota Continuing Legal Education. It is posted on the MSBA web site as a service to all lawyers and to the public.

Minnesota Standard Residential Lease When last reviewed by the Committee, it appears that this form is the only commercially available form which fully complies with Minnesota law.

Answers to the Public's Most Frequently Asked Questions About Residential Real Estate Transactions, courtesy of the Residential Real Estate Committee. Although this article is somewhat dated, it is still a good resource.

 

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