If I hire a real estate broker, why do I need to hire a lawyer?
If you have a broker, you still need an experienced commercial real estate attorney to protect your interests. The Texas Real Estate Commission that governs real estate contracts specifically prohibits real estate agents from giving legal advice, and states in the contract the buyers and sellers sign, “Consult an attorney before signing the contact.” Additionally, brokers don’t get paid unless the sale closes. Attorneys are objective. The attorney’s job is to protect you in the earnest money contract for due diligence and represent you at closing. Hiring an attorney on the front end of the deal could save a client from hiring a trial attorney on the back end of the deal when there is a serious problem, costing much higher fees.