And despite the fact that it was drafted by lawyers for PAR who are experts, there's also a good amount of litigation over the form.

I am currently a senior civil engineering student and once I graduate I would like to start REI, I would like to start out with SF homes and possibly getting into multi-family.

I did this through a charitable remainder trust, the basis for the property was nothing, the land had been in the family back to the civil war!

They will tell the landlord it is a civil matter and take them to court.

This seems less complicated but again not sure how it really protects our assets in the settings of litigation coming from both inside a property and outside the property.Would love any advice on what others have done and if they fell either of these structure would be helpful.

To that end, the IDFPR has authority to initiatedisciplinary proceedings against licensees for violations of the Illinois Real Estate Act of 2000.The IDFPR may “refuse to issue or renew a license, may place on probation, suspend, or revokeany license, reprimand, or take any other disciplinary or non-disciplinary action as theDepartment may deem proper or impose a fine not to exceed $25,000 upon any licensee underthis Act . . . for any one or combination of” the grounds for discipline set forth in §20-20 of theAct, 225 ILCS 454/20-20.Additionally, a licensee may be subject to both civil penalties and criminal liability for theunlicensed practice of real estate brokerage:Any person who practices, offers to practice, attempts to practice, or holds oneselfout to practice as a real estate broker, real estate salesperson, or leasing agentwithout being licensed under this Act shall, in addition to any other penaltyprovided by law, pay a civil penalty to the Department in an amount not to exceed$25,000 for each offense as determined by the Department. 225 ILCS 454/20-10(a).Any person who is found working or acting as a managing broker, real estatebroker, real estate salesperson, or leasing agent or holding himself or herself out asa licensed sponsoring broker, managing broker, real estate broker, real estatesalesperson, or leasing agent without being issued a valid existing license is guilty ofa Class A misdemeanor and on conviction of a second or subsequent offense theviolator shall be guilty of a Class 4 felony. 225 ILCS 454/20-22.It is a fundamental principle under Illinois law that parties can agree to any terms, and can contract in any situation, as long as there is no legal prohibition or public policy that dictates otherwise.Contracts for the sale of lands, tenements, or hereditaments or any interest in or concerning them for a term longer than one year must be in writing to satisfy the Frauds Act.

Pursuant to R.C. 4735.052, the Ohio Real Estate Commission may impose a civil penalty up to $1,000.00 a day for unlicensed activity.

Marie Poe  yes FSBO s are required to use it... and the law only pertains to the ability of a buyer to back out last second and not loose EM.. but if you were in a subsequent lawsuit and had not provided one I think it would weaken your case at the civil level.Oregon is pretty picky on licensing. 

Now, you are referring to civil consequences.  

What you already know: US is a litigated society.