Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.

OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  August 22, 2003  |   Ky.: Attorneys Not Required at Closings In a decision that industry groups are calling a victory for consumers, the Kentucky Supreme Court has ruled that attorneys don't have to attend real-estate closings, during which time payments and titles usually are transferred to buyer from seller. The state's highest court vacated a 1999 opinion by the Kentucky Bar Association designating closings handled by non-lawyers as "an unauthorized practice of law." In doing so, it upheld a previous opinion by the organization that allowed closings to be conducted by parties other than attorneys, as long as no legal advice is tendered. Celebrating the legal win were such groups as the Kentucky Association of REALTORS, the Kentucky Bankers Association, the Kentucky Land Title Association, and the Home Builders Association of Kentucky.

Source: Louisville Courier Journal (KY) (08/22/03); Berzof, Ken

Browse all of today's news
E-mail this page to a friend
Give us feedback

Search news
Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!