William's Blog...with a smile!

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Not all Attorney's know Real Estate Disclosure laws.

It is true, many do not know ALL the laws on disclosure.

Have a networking breakfast with some other local agents one told about a past client that decided his attorney was cheaper.

The attorney failed to advise his client about ALL the disclosures that are mandatory in a Real Estate transaction.

The client was being sued by the buyer for failing to disclose work done on the septic.

The that was done was sub-par and in this cold weather the costs was high to have it fixed.

Moral of the story...

Make sure if you are using an attorney to do your real Estate deal that that person knows what they re talking about!!!

 

Comment balloon 4 commentsWilliam Feela • January 22 2017 11:55PM

Comments

Bill, that is a great poit.   There are many aspects of law and you need someone that knows the ropes of a real estate transaction

Posted by Vern Eaton, Realtor 651-674-7449 10 months ago

William 

Take would be correct . . . .

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) 10 months ago

Attnys, like real estate agents, some are very good at what they do, and others are not.

Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service / Woodland Real Estate, Keller Williams fox cities) 10 months ago

I am a CE instructor and I remember having quite a discussion with an attorney in one of my classes. The issue was Maryland law concerning good faith deposits. Here the law covers how much time a broker has to deposit after contract. I have also been involved in divorce cases where one of the spouse's attorney was giving advice that was not in keeping with the law. Of course as a licensee the last thing I would do is tell a client their attorney was giving them bad advice. I really would like to keep my license!

Posted by Larry Riggs, GRI, SRS Your Frederick County Specialist (Re/Max Plus) 10 months ago

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