ContractsEASY
In Illinois, the attorney review period for residential real estate contracts is:
Correct Answer
B) 5 business days
Illinois residential real estate contracts typically include a 5 business day attorney review period during which either party's attorney can modify or disapprove the contract.
Answer Options
A
3 business daysB
5 business daysC
7 calendar daysD
No standard period - must be negotiatedVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
contract-formation-and-executionresidential-contract-contingencies
Key Terms:
attorney review period5 business daysIllinois residential contractIllinois Association of REALTORScontract modification
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