A real estate attorney specializes in the legal aspects of buying and selling property. He or she can assist with drafting contracts, reviewing mortgage loan documents, and conducting title searches to make sure that the seller is the sole owner of the property. A qualified real estate attorney can also help clients navigate zoning regulations and property tax laws. He or she can also act as a mediator between buyers and sellers during the home purchase process.
A real estate lawyer can be helpful when a client is going through a divorce and needs to divide up the family’s property. He or she can also advise clients about state laws concerning property division, including laws that require a court hearing or mediation. During the hiring process, a potential client should meet with several attorneys to get an idea of their expertise and professional style. Finding a good real estate attorney can make all the difference in a successful property transaction.
Hiring a New York residential real estate lawyer is typically required for most people who buy or sell homes in the state. A real estate attorney can also be helpful when a person is trying to sell or purchase a home that has unique stipulations, such as one that’s part of an estate or has environmental problems like radon, termites or lead paint.
The qualifications that a real estate attorney should have include excellent written and verbal communication skills as well as knowledge of the relevant real estate laws and terminology. In addition, he or she should be able to work long hours, especially at the beginning of his or her career.
A license to practice real estate law is typically required in all states. However, the type of license needed varies by state. For example, in Colorado, an individual can obtain a real estate broker license if he or she has passed the state’s licensing exam and has a current license to practice law in “sister states” with license reciprocity. In New York, a real estate attorney must pass the state’s licensing exam and have a law license or real estate salesperson or broker license.
Besides having the appropriate license, a prospective real estate attorney should have extensive experience in commercial and residential real estate transactions. He or she should also have a strong understanding of zoning regulations and property taxes, which are important factors in determining whether a commercial or residential property is suitable for purchase. The American Bar Association’s website has a directory of lawyers who specialize in real estate law and can help prospective clients locate experienced attorneys near them. The Internet can also provide valuable information about attorneys’ practices, fees and reviews from previous clients. A potential client can also seek a recommendation from family members, friends or business associates.
