In a New York residential sale, the buyer's attorney requests a contract modification after the attorney review period. The seller's agent asks the buyer's agent to explain the legal implications of accepting this modification. How should the buyer's agent respond?
Correct Answer
A) Suggest that both agents consult with their respective clients' attorneys
When legal implications are involved, both agents should direct the inquiry to the respective attorneys representing each party. This ensures that legal advice comes from qualified legal professionals rather than real estate licensees.
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