- Joined
- Mar 11, 2008
- Messages
- 253
QUOTE (RedlineBrett @ Oct 6 2010, 09:11 AM) All kinds of mis-information here. Lawyers are contract experts not experts at valuation and negotiation. Are you going to trust your lawyer to work out the details of your purchase when they have never even been in the property? Is your lawyer going to call you when you`re off work or offer advice on the weekend when thats the only time the buyer/seller can get together? How is this approach better than working with your agent and having a `approval of buyers/sellers lawyer` condition? Buyers and sellers have always had the option of nominating their lawyer to represent them under the current system but when you look at the logistics of working this way you will see why no one does.
Lawyers are experts in negotiation. They have YEARS of education, versus a few WEEKS that realtors obtain. A lawyer is a professional negotiator, and has professional indemnity insurance to cover the legal advice and legal work[/b] that are essential in real estate negotiations.
Not all Lawyers are in the business of acting as agents for sellers of real estate. Those that are, will have experience with marketing, etc.
Rules 10 to 12 and rule 22 of the lawyer`s professional conduct handbook, specifically permit a lawyer to employ an assistant in the marketing of real estate property with certain limitations. That assistant may be referred to as a "real estate marketing assistant" and the assistant may place or remove signs relating to the sale of a property, attend to a property in order to unlock it and let members of the public, real estate licensees or other lawyers enter, and provide members of the public with pre-printed information about the property.
Lawyers are experts in negotiation. They have YEARS of education, versus a few WEEKS that realtors obtain. A lawyer is a professional negotiator, and has professional indemnity insurance to cover the legal advice and legal work[/b] that are essential in real estate negotiations.
Not all Lawyers are in the business of acting as agents for sellers of real estate. Those that are, will have experience with marketing, etc.
Rules 10 to 12 and rule 22 of the lawyer`s professional conduct handbook, specifically permit a lawyer to employ an assistant in the marketing of real estate property with certain limitations. That assistant may be referred to as a "real estate marketing assistant" and the assistant may place or remove signs relating to the sale of a property, attend to a property in order to unlock it and let members of the public, real estate licensees or other lawyers enter, and provide members of the public with pre-printed information about the property.