Preview

Real Estate Lawyer Research Paper

Good Essays
Open Document
Open Document
494 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Real Estate Lawyer Research Paper
There are times when a real estate lawyer is extremely helpful in managing your property ownership. Although many realty transactions are handled through listing agents, there are occasions when these representatives' knowledge base just is not adequate. Realtors typically attend training for less than a year, while attorneys are required to attend law school for four years post-college. The extensive training of an attorney gives them the ability to advise clients on an array of subjects.

Contracts are complicated documents, to say the least. The language in a realty contract must be gone over with a fine-tooth comb. Even if an individual carefully reads every word, some of the language can be quite confusing. For one thing, these documents are written in legal-speak, which is not something the average citizen has experience with. Furthermore, property sales are not only complex financial maneuvers, but also often involve emotional upheaval. When people buy or sell their homes, it can tug at their heartstrings. It is easy to miss something in a heavy legal document when you are purchasing your dream house or selling a beloved home. A real estate lawyer is a level head who can help clients navigate the bumpy waters of acquiring or releasing a "home sweet home."

Property boundary
…show more content…

Both the landlord and tenant have certain rights, and these rights vary from state to state. For example, in some states, a landlord must give 48 hours notice before entering the property, or a 5-day notice if eviction seems imminent because of unpaid rent. A renter has the right to privacy in his or her rental space, provided certain stipulations are met. Sometimes misunderstandings occur and it takes a trained legal mind to effectively sort everything out. When a person's home is involved, whether the residence is owned, leased, or rented, contractual language must be followed to the letter of the

You May Also Find These Documents Helpful

  • Good Essays

    Under these facts, Adam can be found personally liable for the loss even though there is a legal principle, which affords him a degree of protection. The text explains that “the liability of a limited partner, as mentioned, is limited to the capital that she or he contributes or agrees to contribute to the partnership [RULPA 502]. Limited partners enjoy this limited liability only so long as they do not participate in management {RULPA 303]” (Miller, 3-5b).…

    • 690 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    1. The National Enquirer is a newspaper that is sold at most grocery stores, and gas stations. It is known for reporting the most up to date gossip about celebrities, scandals, and other type of so called news. Most of the information that is reported in this paper; which is also known as a tabloid is said to be untrue. Especially by the people that are reported in it. It is based out of Florida but most of the circulation is in the state of California.…

    • 376 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Peiser, R. & Hamilton, D. (2012). Professional real estate development: The ULI guide to the…

    • 584 Words
    • 3 Pages
    Good Essays
  • Good Essays

    It has come to my attention that there has been a state level business dispute which is submitted to ADR (Alternative Dispute Resolution). So here, I will discuss about the various methods of ADR. Also, I will suggest/recommend which method of ADR should be used to resolve this case out of court. Further, there will be some discussion on differences between traditional litigation process and ADR.…

    • 781 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The article reports on Lance Armstrong who is famous cyclist that use performances-enhancing drugs to bring his career to a successful.…

    • 1334 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Answer: The parties to do or not do a specific thing must base it on a mutual agreement. Parties who are competent to enter into a contract that will be enforceable against both parties must make it. The promise or obligation of each party must be supported by consideration. It must de for a lawful purpose the contract must not be illegal such as the unauthorized buying and selling of narcotics. The contract must meet certain formal requirements such as being in writing or under seal.…

    • 2514 Words
    • 11 Pages
    Good Essays
  • Good Essays

    There are currently millions of American citizens who have been affected by the recessionary economy and who may have considered a home mortgage refinance. Most of those who recently lost part of their income are facing difficulty making the monthly payment. Still others wish to sell their home but find they cannot do in the current market and may be facing foreclosure. These are the types of people President Obama is trying to help with his "Making Home Affordable" package.…

    • 568 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Addendum

    • 383 Words
    • 4 Pages

    ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE…

    • 383 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    On April 11th, 1968, president Lyndon Johnson signed the Fair Housing Act of 1968. The act’s purpose was to eliminate discrimination during the sale, rental, and financing of a house based on someone’s race, religion, national origin, and gender. This bill difficulty passing as from 1966-67 congress regularly considered a bill similar to this but failed to because of lack of support. However, when Martin Luther King Jr. was assassinated, president Lyndon Johnson thought a way to commemorate his death was to quickly sign a bill regarding unfair housing because of discrimination. In addition, another issue that caused this bill to be signed was the amount of families of war heroes in Vietnam who could not purchase a home because of their race.…

    • 250 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Home Buying Process

    • 412 Words
    • 2 Pages

    Now that you have completed all the budgeting steps and have gotten preapproved for a mortgage loan, you can finally start looking at physical homes. This is where determining the difference between wants and needs comes into play again which is where a real estate agent comes in hand. Finding a real estate agent is step five in the home buying process. Once you have narrowed down the area you want to purchase a home, you want to find an agency that works in that area. To find a local agent you can ask for recommendations from trusted people who have bought recently, which is the best way, or using online aids is also a good way.…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Home Ownership Workshop was held on Saturday, February 6, 2016. It was held in the Logan City Library and was put on by the USU Family Life Center - Housing and Financial Counseling. There were several staff, interns, and community members that presented at this workshop. The following is an overview of what each speaker presented on, and may not be in chorological order of how they presented the information.…

    • 1425 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    manage risk

    • 602 Words
    • 3 Pages

    Max Lionel Realty (MLR), in order to build customer goodwill and satisfy its legal and…

    • 602 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The fundamental right of every person is to be given a fair chance of hearing when charged with any offense. Criminal defense lawyers play a vital role in verifying the crime. Often fear, panic surrounds people when charged and as such they require someone who is not only knowledgeable but also can represent them in all fairness.…

    • 57 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Pat was very frustrated because she wanted to purchase a home but lacked the funds or credit to do so even though Pat was expecting shortly to receive a one-half million dollar final installment payment for some land she sold several years earlier. Dan knew that Pat was very interested in purchasing a home and approached Pat with a proposal to assist Pat in buying a home. Dan told Pat that he would help Pat with the financing. After finding the home she wanted to buy for $250,000, Dan and Pat orally agreed that Dan would purchase the home and "when you come up with the money, I (Dan) will sell it to you (Pat) for $250,000 plus a fair commission to be determined."…

    • 1017 Words
    • 5 Pages
    Good Essays
  • Better Essays

    With long hours though, real estate offers a very flexible schedule. Although the hours are often irregular and could mean lots of hours on the weekend (“What They Do”). With long irregular hours the chance to make a difference in someone's life makes up for it("How to Become a Real Estate Agent."). Many professionals spend endless hours studying cities and towns, buildings and neighborhoods, and assessing property values("Become a Real Estate Broker and Sales Agent - Careers - The College Board."). According to Mike Weaver, a big positive about real estate for him is that he can set his own hours and work as much or as little as he would like…

    • 1226 Words
    • 5 Pages
    Better Essays