Contracts
In a Kentucky sale with seller financing, the promissory note and mortgage should be prepared by:
AThe real estate agent using standard forms
BA licensed attorney to ensure proper legal documentation✓ Correct
CKREC's standard form department
DThe title company without attorney involvement
Explanation
Promissory notes and mortgages are legal instruments that should be drafted by a licensed attorney to ensure they meet Kentucky's legal requirements and adequately protect the parties.
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