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Contracts Ny Real Property LawAttorney_role_in_transactionsHARD

A buyer in New York wants to waive the attorney review period to make their offer more attractive to the seller. The buyer's agent thinks this is a bad idea but is unsure about the legal implications. What should the agent do?

Correct Answer

A) Recommend the buyer consult with an attorney before making this decision

Since the agent is unsure about the legal implications and this involves a significant legal decision, the appropriate response is to recommend that the buyer consult with an attorney before deciding whether to waive the attorney review period.

Answer Options
A
Recommend the buyer consult with an attorney before making this decision
B
Support the buyer's decision since it may help win the bidding war
C
Advise the buyer about the legal risks of waiving attorney review
D
Refuse to submit the offer without the attorney review clause

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Related Topics & Key Terms

Key Terms:

attorney_review_waiverlegal_consultationclient_counselinginformed_decisions
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