Obviously this transaction is before the Dodd Frank Legislation. A Realtor brought me a 2 paragraph real estate transaction and the one page is the only page he gave me. I told him that the bank would not accept the one page contract but he was adamant and declared it would be accepted. He was 92 years old and had been a Realtor for almost 70 years. I think his California BRE license was 001. I was surprised because the bank did accept and we closed the loan. I immediately got the buyer and sellers permission to show the contract to anyone who wanted to see it and it seems someone wants to see the contract about once a week. Oh I wish all real estate contracts were so simple and I am convinced that 95% of the words written on our contracts are never read. Come to think about it we make business cumbersome; the Gettysburg Address is only 272 words and the U.S. Constitution is a small booklet that can be carried in a coat jacket. I guess for the most part we like words. Me, I like simplicity and love this contract.
