LEO: Attorney as Counsel for Buyer and Seller, LE Op. 414

 

Attorney as Counsel for Buyer and Seller Conflict of Interest.

 

May 20, 1981

 

It is ethically improper for an attorney who undertakes to represent both buyer and seller in a residential real estate transaction to thereafter initiate suit on behalf of the buyer against the seller for damages or specific performance if the seller fails to consummate the sale. It is also ethically improper for any attorney associated with the settlement attorney to represent either buyer or seller. [See II: DR:5-105(A), (C) and (D); and DR:5-102(A).]

 

Committee Opinion May 20, 1981

 

CROSS REFERENCES

 

See also LE Op. 1000, and LE Op. 1216

 

LEO: Attorney as Counsel for Buyer and Seller, LE Op. 414 (1981)