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MA Closing Attorney on Working with Realtors

By
Services for Real Estate Pros with Peskin, Courchesne and Allen, P.C.

 

 

 

Well, I have got to tell you, in the thirteen years that I have been a real estate attorney in Massachusetts, I have learned a lot about my business. One of the things that I have learned is that you need to work as a team with the Realtor and the loan officer. Here are some things that I DO NOT DO because Realtors hate it so:


1.  I never point fingers at other members of the team when something goes wrong. There was a time in my career when I viewed the Realtor's role like that of a used car salesperson.  I had a poor view of the hard work that Realtors put into these transactions and in short - I thought I was more informed and more valuable to the client.  If I thougha Realtor made a mistake, I would blame them.  This was inmatuer and unprofessional on my part. I learned the hard way how these remarks can come back to bite you.  Everyone starts out as a newbie, everyone makes mistakes.   But, not everyone grows to be a successful professional and not everyone builds long lasting professional relationships. Instead of pointing fingers I pick up the phone, ask questions and offer my perspective in a professional manner that saves everyone face in front of our client.

2. I never renegotiate the transaction after a Realtor has made a deal. This is a sophomoric approach to contract review in my opinion. Attorneys who act like they have a better handle on the situation than the Realtor who has had their finger on the pulse of the transaction for two months also deserve a bad name. This makes no sense.  Realtors spend a lot of time negotiating these transactions.  Unbeknownst to the attorney, the fact that a rose bush is staying or leaving could be highly significant, depending upon how the negotiations got to that point.  I do not second guess the importance of any term.  I ask questions, but I do not undermine the negotiations that took place long before I came into the picture!

3. I do not fail to communicate.I use conference calls and group emails to make sure that there are no misunderstandings.  I think that attorneys who do not return calls or who sit on contracts do their clients a disservice.  If something is wrong I want everyone to hear what i a saying no "he said, she said" - everyone gets the same information and they get it quickly.

 

If you are a MA Realtor looking for an attorney who "gets it", call me for your next transaction.

Joseph D. Federico
MVP Realty - Naples, FL
Southwest Florida Homes with Joe Federico

Nyles-You are so right, we must all work together.

Mar 11, 2009 04:20 PM
Linda Lipscomb
Linda Lipscomb RE/MAX Lexington Henderson County TN - Lexington, TN
731-695-1118, Lexington TN Homes

How refreshing.

Like your honesty and thanks for sharing your experiences.

Wish you were in TN.

Mar 11, 2009 05:24 PM
Anja Kerstens, 669.270.8034
Compass - Morgan Hill, CA
GRI, NHCB, CDPE, CHS. Silicon Valley Homes

Nyles,  It is nice to see the other side of the equation.  Very refreshing.

Mar 11, 2009 05:47 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Nyles It is good to hear you get it. I am smiling right now because I used to be like you too except you would be the bad guy and I would be the good guy. I grew up too:)

Mar 11, 2009 11:40 PM
Janie Coffey
First Coast Sotheby’s International Realty - Ponte Vedra, FL
Uniting Extraordinary Homes w/ Extraordinary Lives

I sure wish you were in Miami!  You'd make a great team member!!

Mar 12, 2009 01:06 PM
Anonymous
dennis cook

AT most real estate  closings , the closing attorney  issues a letter called and "Opinion of Title " letter.

My questions:

Is it true that   issuance of an Opinion Letter  is required by law for every real estate closing?  If "yes"

I would  like the  Chapter and Section Number of the applicable  law.

 

Thank you

 

Dennis

 

 

Jul 26, 2009 10:49 AM
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