What role does a seller's lawyer play in a real estate transaction?

The role of a seller's lawyer in a real estate transaction primarily involves handling the legal aspects of the sale, which includes the management of financial transactions. Sending funds to the seller's brokerage for distribution according to agreements is a critical responsibility because it ensures that the proceeds from the sale are properly allocated and transferred in accordance with the terms agreed upon during the transaction. This includes ensuring that all necessary deductions, such as commissions and fees, are accounted for before the seller receives their net proceeds.

In the overall process, the lawyer also ensures that the transaction adheres to legal requirements, reviews contracts, and addresses any legal issues that may arise, thereby safeguarding the seller’s interests throughout the transaction. By managing the distribution of funds, the seller's lawyer plays a crucial role in the successful and orderly completion of the sale.