Real estate agents work within many defined boundaries: they must always mind what is legal, what is ethical and what is best for their clients.
In this issue, we took a broader look at the legal details agents deal with in their day-to-day business, and the role real estate attorneys play in the course of a transaction. Agents walk a fine line between looking out for their clients’ best interest and inadvertently “practicing law.” How do agents toe that line? And what can they expect from the attorneys they work with on behalf of their clients? Our cover story seeks to answer those very questions.
This issue also covers how listings are handled as agents move brokerages, the complicated balance of dual agency in Illinois and results from our survey on local agents’ legal knowledge.
Turn to page 12 to jump into the cover story.