LEO: ry Closing.  LE Op. 464


"Dry Closing."


September 20, 1982


So long as full disclosure is made to clients as to the consequences of

signing legal documents for the selling and purchasing of real estate

without the exchange of funds, and the consent of the clients is obtained,

conducting a "dry closing" would not be improper. If multiple

representation is involved as well, the attorney must remain alert to the

requirements of DR:5-105.


Committee Opinion September 20, 1982