Who is authorized to provide legal advice in real estate transactions?

Prepare for the TREC Law of Agency Exam. Study with multiple-choice questions and detailed explanations. Get confident for your test!

In real estate transactions, the individual authorized to provide legal advice is an attorney. Attorneys have the requisite training and knowledge of the law, allowing them to interpret legal documents, advise clients on legal rights and responsibilities, and represent clients in legal matters, including those that may arise during real estate transactions.

Real estate agents and brokers can provide valuable information about property transactions, market conditions, and specific regulations related to real estate. However, they are not licensed to practice law and cannot offer legal advice. Buyers can seek guidance from various sources but do not have the authority to provide legal counsel. Only licensed attorneys can give legal advice, ensuring that all parties involved in a transaction are compliant with applicable laws and regulations while protecting their interests.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy