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Home / Case Digests / Committee on Professional Ethics — Residential Real Estate Transactions: Opinion 882

Committee on Professional Ethics — Residential Real Estate Transactions: Opinion 882

NYSBA Committee on Professional Ethics Residential Real Estate Transactions Seller’s Concession Opinion 882 Background: The inquiring lawyer represents a seller in a residential real estate transaction. The contract provision contains a provision for a seller’s concession (reduction in price) if the buyer is willing to pay an equal amount of the closing costs. In reality, the seller will not ...