What principle was established in Chicago Bar Association, et al v. Quinlan and Tyson, Inc. regarding real estate licensees?

The principle established in Chicago Bar Association, et al v. Quinlan and Tyson, Inc. confirms that licensees are permitted to fill in blanks on contracts where they do not need to prepare the entire document. This decision helps clarify the extent of a real estate licensee's activities when assisting in the completion of contracts. It means that real estate professionals have the authority to ensure that contracts adequately reflect the agreement between parties by completing specific areas of a form that may not have been filled out initially.

Understanding this principle is crucial, as it delineates the boundaries of a licensee's role in contract preparation, differentiating between providing forms and drafting legal documents, which could require the expertise of an attorney. Such clarity is vital for licensees in adhering to legal and ethical standards in their practice.