Diminishing Returns? Is a two-year home warranty better than one year? If you weren’t aware, home warranties are fast on their way to becoming a standard feature of residential real estate transactions, at least in Minnesota. The standard Minnesota Purchase Agreement now includes “opt-out” language, making it much more likely that the parties to the transaction will...Read More
Hire a Realtor, and you get an attorney for free. That’s right: Minnesota Realtors have an express, statutory exemption to practice law without a license. And they do. The garden variety Minnesota residential Purchase Agreement, Addenda, and related disclosures now trip 25 pages; a complicated deal can easily add another 10 pages. All single-spaced, by...Read More
