In other states where purchase contracts are standardized, there is often no need for real estate attorneys and the agents do help their clients with closing documentation. However, the purchase contracts in New York City are much longer, customized and negotiable. Therefore a lawyer is necessary for your client to review, explain and negotiate the purchase contract on behalf of your client.
So what forms are you responsible for as a salesperson?
According to the New York Department of State, real estate agents should present the following standard disclosure forms upon first substantive contact with a customer: