LEO: Real Estate — Buyer's Attorney Charging, LE Op. 911
Real Estate — Buyer's Attorney Charging Seller a Fee.
June 11, 1987
It is not improper for buyer's attorney in a real estate transaction to charge seller a reasonable fee for proper compliance with the requirements of new IRS Form 1099, provided seller is notified of the amount of the charge and the basis for making the charge. The notice must be given early on in the transaction so that seller may avoid such charge should he so desire. [LE Op. 878, LE Op. 647, LE Op. 425]
Committee Opinion June 11, 1987
LEO: Real Estate - Buyer's Attorney Charging, LE Op. 911 (1987)