Ethics of the Residential Real Estate Transaction for Buyer / Seller Attorneys
Early Bird Offer!
Sign-up for Idaho Ethics CLE by December 31 and get $20 off!
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Are the legal needs of homebuyers and sellers being met during the real estate transaction? Would homebuyers and sellers be better served if the industry addressed the ethical values of Improvement, Access, and Quality?
These, and other, provocative ethical questions are explored in this groundbreaking course.
Course Description
Credits: One (1) Credit Hour
Instructor: Arthur Macomber, Attorney
Materials: Sixteen (16) pages supplemental materials
Idaho Course Number*: 26-1149
Investment: $79
Introduction
Summary of a practitioner’s experience working in the residential real estate legal market.
The Structure of Residential Real Estate Legal Market
- Approximately five million transactions per year
- State laws regarding attorney involvement
Are There Ethical Problems with Residential Transactional Practice?
ABA Model Rules of Professional Conduct regarding improvement, access, and quality of legal services now available in the marketplace
Barriers to Entry for Attorney Involvement in the Residential Transaction
- Conflict of interest
- Client intake interview
- Fee agreements
- Content and timeliness of legal deliverable
- Malpractice risk
Common Legal Issues for Homebuyers and Sellers in Residential Real Estate Transactions:
- Detailed and integrated contract terms
- Tight calendars for performance
- Disclosure requirements differing from state-to-state
- Schedule II-B County Recorder/Auditor/Registry documents
- Property characteristics, local/tribal laws, and state and federal regulations affecting use and enjoyment
Conclusion
Arms-length referrals to qualified attorneys capable of delivering timely legal services would help to address ethical issues of Improvement, Access, and Quality that persist today, as well as provide a new source of legal revenue to the legal industry.
*Contact support@RealLegalAdvice.com for help determining eligibility for states other than Idaho
Note that your registration will be honored for thirty days.
