What Is The Role Of A Real Estate Agent?

Real estate lawyers document and review real estate transactions, including purchases, leases, inspections, and appraisals. They also help resolve title insurance and environmental issues. When things go wrong in real estate transactions, real estate lawyers step in to file and defend lawsuits in court. Many real estate lawyers also help lenders carry out a foreclosure, while others help borrowers defend against foreclosure.

Draw up documents

One of the key roles a real estate lawyer plays is that of a document drafter. Real estate attorneys prepare deeds for conveyance transactions, leases and rental agreements, purchase contracts, and financing agreements. While state law allows real estate law firms such as https://dallegal.com/ to help clients fill out these types of documents, only licensed lawyers can draft and revise the documents.

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Negotiate Deals

Because real estate lawyers have sophisticated experience with many types of real estate transactions, clients often ask their real estate lawyers to negotiate the terms and conditions of real estate deals. This involves working with other attorneys, developers, brokers, and investors.

Review Sales Transactions

Some real estate attorneys are involved only in reviewing and providing advice on real estate transactions. Clients will negotiate their deals, sign a contract, and then ask the lawyer to perform the "due diligence" on the deal. This means the lawyer will examine legal title issues, environmental issues and reports, and any of the contracts or other documents involved in the transaction. Real estate lawyers have training that allows them to spot problems that their clients do not recognize.