[quote=EconProf]Most attorneys don’t know enough about the intricacies of RE, unless that is all they do.
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I think some real estate attorneys would operat either as an attorney or as a real estate broker/agent. I would hope that as an attorney they would do a similar service to the client.
I would split the work of an agent into two parts: (1) finding a proeprty and negotiating for the price etc., and (2) doing paperwork and going throught the purchase. I would think that the second part is something that the same person could do as an attorney…?
[quote=EconProf]They insert themselves as middlemen in a complicated, lengthy transaction that is filled with landmines. They keep the two warring sides apart in what is essentially a zero-sum game. They move the transaction along and coordinate deadlines, other parties, and necessary paperwork.
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Yes, that’s a concern. What complicated things and deadlines should I anticipate?
[quote=EconProf]
BTW, I would not use a friend as an agent–you can’t ream them out if they screw up.[/quote]
Absolutely agree.
