Real estate attorney a buyer’s best friend?

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

In some states like New York, a real estate attorney needs to draft a home purchase contract. In other states like California, real estate agents prepare purchase contracts using preprinted contracts that were created by attorneys. The preprinted contracts have blanks for agents to fill in the price and terms of the offer. Real estate agents can also prepare addenda to the contract as long as they are not complicated and don't require legal expertise. If a legal document, like a release of claim or liability is to be a part of the contract, it needs to be drafted by an attorney. Buyers who are buying in states where agents use preprinted contracts often don't need to retain a real estate attorney during the course of the transaction. However, real estate agents who aren't also attorneys can't give legal advice. If an issue comes up that requires a legal opinion, the agent should refer his or her clients to a real estate attorney for assistance. Sometimes agents forget tha...