Imagine that Jane is the average home buyer, with no formal legal or business education, trying to purchase her first home in a hot real estate market. Jane retains George, a real estate broker she trusts, and begins spending her nights and weekends bidding on homes in her area. After losing several bidding wars in her state’s market, George advises Jane that adding an “as is” provision at the end of her next offer would increase the chances of her bid being accepted.
Republished with permission. The full article for, "Unauthorized Practice of Law in Residential Real Estate Transactions: The Use of Unlicensed Professionals and Standard Purchase Agreements," was published by the American Bar Association in Probate & Property Magazine - July/August 2020, Volume 34, Number 4. (login required)