MSBA Sections

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	2005
51	Listing Contract	2005
52	Dual Agency Disclosure Addendum To Purchase Agreement	2004

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	2008
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	1996
14	Disclosure of Sewage Treatment System	1998
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	2006
16	Minnesota Common Interest Community Resale Disclosure Certificate	2001

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	2008
92	General Contract for New Construction	2008

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.