With summer just begun, the real estate market is indeed in full swing. I often get asked if I can act for both the purchaser and a seller in a real estate deal. Generally, the answer is ‘no’ although there are a few special circumstances where lawyers can act for both sides. The rules governing lawyers set out when these special circumstances might arise. For example, this might occur where the person transferring the real property is the executor and the person receiving the property is a beneficiary of the estate or where the two parties are actually the same person and the transaction is to sever the property. Review your unique circumstances with your lawyer to determine if this rule applies to your situation.
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Blog posts pre-dated December 1, 2015 were originally published under Neff Law Office Professional Corporation.
