On July 23rd, Margaret Ling, AABANY Co-Chair of the Real Estate Committee, presented a CLE event entitled “Due Diligence and the Ethics of a Real Estate Transaction” at Bank of Hope located in Flushing. More than 50 people attended the event, including 16 practicing real estate lawyers. This event was co-hosted by Bank of Hope, KALAGNY, Big Apple Abstract Corp, and AREAA New York East Chapter.
Margaret shared multiple representative cases she handled to remind attendees of the importance of conducting due diligence before a real estate transaction and the obligations of an ethical lawyer. One such case involved a man selling a house, owned by his mother, while she was abroad. Margaret emphasized the duty to know the clients thoroughly. She also discussed wire fraud committed by brokers and how to negotiate with brokers on behalf of the client’s best interests.
We want to give special thanks to Bank of Hope and its staff for hosting the CLE panel and providing delicious food. Also, thank you to the speakers and attendees. One CLE credit in the area of ethics was awarded to attendees. To learn more about the Real Estate Committee, go to https://www.aabany.org/page/120.