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 percentages.
- 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 buyers 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.
An attorney who practices in real estate should review all agency contracts before they are formally signed and entered.
Before you sign a real estate document it is critical that you have an attorney that is representing only your interest.