A buyer's agent in New York is asked by their client to prepare a purchase contract for a residential property. Which of the following most accurately describes what the agent is permitted to do under New York law?
Correct Answer
B) Fill in the blanks on a standard form contract approved by the New York State Bar Association or a similar body, but may not draft original contract language
In New York, drafting original contract language constitutes the unauthorized practice of law under Judiciary Law §478. However, real estate licensees are permitted to fill in the blanks on pre-approved standard form contracts, such as those approved by the New York State Bar Association or local bar associations. This is the established and accepted boundary of a licensee's role in contract preparation. For anything beyond completing standard forms, the agent must refer the client to a licensed attorney.
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Previous Question
Karen is a buyer's agent representing Michael in purchasing a co-op in Manhattan. The co-op board requests extensive financial documentation and personal references. Michael asks Karen if the board can legally reject his application based on his source of income being government assistance. Under New York law, how should Karen respond?
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