However, real estate agents are not attorneys and are prohibited by law from giving legal advice.
There are stages that sellers typically go through to sell a property. Each stage is critical to the
success of the overall process and exists for a reason.
- Reviewing the listing information and verifying the accuracy (square feet, number of
rooms, school district, taxes, home owner dues, boundaries of the lot) and commission
- Completing a seller disclosure statement, which discloses the condition of the property
and known defects
- Responding to inspections conducted on behalf of the buyer
- Working with the buyer?s lender on appraisals and surveys
- Appearing at a title company to review the settlement statement, title work, and sign
the necessary legal documents to close on the property and turn over legal ownership
to the buyer.
Every stage of this process is very important and exists for a reason.
Beware that a real estate agent may suggest that you enter into a seller?s agency agreement prior to review of that document by an attorney.
An attorney who practices in real estate should review all agency contracts before they are formally signed and entered.
cannot give legal advice.
Before you sign a real estate document it is critical that you have an attorney that is representing only your interest.