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Contracts Ny Real Property LawAttorney_role_in_transactionsEASY

In New York, when should a real estate agent recommend that their client consult with an attorney?

Correct Answer

B) At the beginning of the transaction and whenever legal questions arise

In New York, real estate agents should recommend attorney consultation at the beginning of transactions due to the customary role of attorneys in New York real estate, and whenever legal questions arise throughout the process to ensure proper legal guidance.

Answer Options
A
Only when legal problems or disputes arise during the transaction
B
At the beginning of the transaction and whenever legal questions arise
C
Only for commercial transactions exceeding $1 million in value
D
Only when the other party is represented by an attorney

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Related Topics & Key Terms

Key Terms:

attorney_consultationclient_counselingtransaction_guidancecustomary_practice
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