LEO: Real Estate - Escrow Agent  LE Op. 372


Real Estate - Escrow Agent.


May 15, 1980


A lawyer acting as attorney for purchasers in a real estate transaction

may act as joint escrow agent in connection with the seller's attorney

upon full disclosure to and consent by the purchasers and the seller, so

long as the attorney's responsibility as escrow agent can be fulfilled

completely without conflict with his duties as attorney for purchasers.

[See DR:5-105(C).]


Committee Opinion May 15, 1980