Question 50

The standard preprinted clauses on a contract form SHOULD be reviewed with the buyer.

It is essential that the standard preprinted clauses on a contract form are reviewed with the buyer to ensure they fully understand the terms and conditions before signing. This process promotes transparency and helps the buyer make informed decisions.

A) modified

While modifying clauses might be necessary in certain situations, the standard practice is to first ensure that the buyer comprehends the existing clauses. Modification should only occur after a thorough review and understanding, making this option less suitable as a primary recommendation.

B) completed by an attorney

Although having an attorney involved can provide additional legal insight, it is not a requirement for all buyers. The primary responsibility lies with the licensee to ensure that the buyer understands the standard clauses, making this option less relevant in the context of the question.

C) reviewed with the buyer

Reviewing the standard preprinted clauses with the buyer is crucial, as it allows the buyer to ask questions and clarify any ambiguities. This practice serves to enhance understanding and mitigate potential misunderstandings, making this option the most appropriate choice.

D) notarized

Notarization is not a standard requirement for the review of contract clauses. The focus should be on ensuring comprehension and clarity for the buyer rather than on formalizing the document at this stage, rendering this option ineffective in addressing the question's intent.

Conclusion

In summary, reviewing the standard preprinted clauses with the buyer is critical for ensuring that they understand the contract's terms before proceeding. This approach empowers the buyer and reduces the likelihood of disputes or confusion. The other options fail to prioritize the buyer's understanding and engagement with the contract.