A real estate agent in New York is working with a first-time homebuyer who wants to save money by not hiring an attorney. The agent knows this could create problems later. What should the agent do?
Correct Answer
B) Explain the benefits of attorney representation while respecting the client's choice
The agent should educate the client about the benefits of attorney representation in New York transactions, given the customary practice and complexity of real estate law, while ultimately respecting the client's decision about whether to hire an attorney.
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During a New York real estate transaction, the seller's attorney identifies a potential title defect. The buyer's agent is asked to advise whether the buyer should proceed with the purchase. How should the agent respond?