This article has been prepared for three purposes. First, this serves as a detailed analytical tool for the lawyer, enabling the lawyer to accurately compare provisions of the two published purchase agreement forms. Second, this serves as an in-depth study for the consumer who needs or desires this level of analysis. Finally, this serves as the official Report of the Residential Real Estate Committee ["Committee"] to the Minnesota State Bar Association's Real Property Council. As a report, this article focuses on the content, development, and rationale for Real Property Form No. 1, "Minnesota Standard Residential Purchase Agreement" and compares it to the Minnesota Association of Realtors® form, "Purchase Agreement."
The article is published here in Adobe® Portable Document File format. You will need the free Adobe Reader software [version 4.0 or higher] to view and print the article. The free Reader software may be obtained from http://www.adobe.com. It takes approximately 3 minutes to download the Reader's installation file and another 3 to 4 minutes to install it. [Note: the installation file is a *.exe program file. Some active antivirus programs and firewalls may prompt you to verify that you want to download the file.]
The article may be used two ways. Using your Adobe Reader, you may print the article on to standard paper. If you have a color printer, all of the color features of the article will be printed. You may also use the article on your screen. There are many active Internet links and text links embedded in the article. (Your Internet connection must be live in order to use the Internet links in the article.)
Depending upon the speed of your computer and the speed of
your Internet connections, it will take from 3 to 10 minutes to
download the article to your computer. We recommend that you right-click
on the link below, select the "Save Target As" option,
then follow the prompts to save the file to your computer. The
article can then be opened in Acrobat Reader. (A regular click
will also display the file, but it may take several minutes to
load.)
Minnesota Residential
Purchase Agreements -- 2000
Comments or questions about this article may be directed to the Minnesota State
Bar Association Residential Real Estate Committee, by calling 612-673-6339,
or by mailing your questions or comments to the MSBA for submission to the Committee,
or by e-mailing to sthorson@bgslaw.com.