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Contracts Ny Real Property LawAttorney_role_in_transactionsMEDIUM

A seller's attorney in New York advises that a specific disclosure is required due to a unique property condition. The listing agent disagrees based on their interpretation of the disclosure requirements. What should the listing agent do?

Correct Answer

C) Defer to the attorney's legal advice regarding disclosure requirements

When there is a disagreement between a real estate agent and an attorney regarding legal requirements such as disclosures, the agent should defer to the attorney's legal advice, as legal interpretation is within the attorney's professional expertise and outside the agent's scope of practice.

Answer Options
A
Follow their own interpretation since they are the listing expert
B
Seek a second legal opinion from another attorney
C
Defer to the attorney's legal advice regarding disclosure requirements
D
Compromise by making a partial disclosure that satisfies both viewpoints

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Related Topics & Key Terms

Key Terms:

disclosure_requirementsattorney_advicelegal_interpretationagent_deference
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