The Multi-Board Residential Real Estate Contract 7.0 was released publicly on January 3, 2019. While it is currently live on MRED alongside the 6.1, it will become the only available version on March 1.
The Multi-Board 7.0 is an example of a Contract that keeps getting better! Major changes include:
• complete reorganization, which makes it easier to follow
• revisions to the financing contingency
• new parameters for both attorney review and inspection
The Contract has also modified to be even more usable in the City of Chicago.
The Law Offices of T. Nicholas Tyszka, L.L.C. is proud to present you with two great resources for the Multi-Board 7.0:
Broker's Guide to the Multi-Board Residential Real Estate Contract 7.0
The Broker's Guide is meant to give you all of the highlights, in a single document.
This online video provides a thorough explanation of the new Multi-Board 7.0. The material is presented by one of the attorneys who participated in the form's creation, Nicholas Tyszka.
For those brokerage offices wanting a live, in-person presentation, please call us at: (312) 488-1250.