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
See also LE Op. 1000, and LE Op. 1216
LEO: Attorney as Counsel for Buyer and Seller, LE Op. 414 (1981)