Oak Lawn, IL asked in Real Estate Law for Illinois

Q: Does a real estate lawyer have to review the offer to send to the seller?

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1 Lawyer Answer
Erik K Jacobs
Erik K Jacobs
Answered
  • Rockford, IL
  • Licensed in Illinois

A: Not necessarily. I often have clients, particularly those without Realtors, that have me review an offer prior to submission to the seller. However, most standard contracts have attorney approval clauses which allow for attorney review once the contract is complete. Depending on where you live, the attorney approval clauses may differ. For instance, in the Multiboard 7.0 contract an attorney can approve, disapprove (but not based on price, propose modifications, etc.

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