why would a real estate broker recommend a lawyer

A real estate attorney can help you prepare and review the legal documents of a sale and title transfer of a home. You’d also need a real estate lawyer to make sure the sales agreement you sign for your new home protects your interests.

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Do I need a real estate lawyer to sell my house?

A real estate broker only gets paid a commissionwhen the transaction closes. If there is a problem that comes up during the due diligence period such as a zoning, use restriction, an easement or building encroachment issue, or a contract dispute, the attorney is in a better position to help because the attorney understands the laws and knows the best way to …

Why do I need a real estate attorney at closing?

When an agent makes a recommendation it is almost entirely for MECHANICAL/LOGISTIC reasons. The agent knows that the communication links between lender, appraiser, attorney and title company are such that balls will not be dropped and the money will be where it is supposed to be on the day of closing.

What is a real estate attorney’s role?

business. It is arguable that a real estate lawyer who drafts and advises on real es-tate leases should also be able to qualify as a real estate professional if he spends more than half of his time and more than 750 hours a year on the leasing activities. A similar argument may be extended to real estate lawyers who work on condo

Do you have a legal concern about a real estate agent?

sion. As a result, should an attorney wish to have a staff of real estate sales-persons, that attorney is required to be licensed as a real estate broker. Beyond the benefits of having a staff at one’s real estate brokerage office, the other advantage of an attor-ney obtaining licensing as a real estate broker involves real estate

What is the difference between a real estate attorney and a real estate broker?

The real estate attorney is looking out for your legal interests, while the real estate broker is trying to negotiate the best deal for you.An attorney is knowledgeable about the real estate laws, and can represent you in a lawsuit, prepare legal documents and negotiate complicated legal issues on your behalf.

What is the role of a commercial real estate broker?

Each plays a different role in the purchase and sale of commercial real estate. A commercial real estate broker brings the buyer and seller together to make the deal. The real estate attorney reviews and prepares legal documents, and gives you legal advice. An attorney can also help you with negotiations and due diligence on the property.

What is a broker in real estate?

The broker is an expert in commercial real estate. A broker acts as an intermediary betweenthe buyerand the seller and can help you with the negotiations. The broker keeps current on market conditions and current prices.

Is a real estate attorney an expert?

Only an attorney is qualified to give you legal advice. A real estate attorney is an expert in real estate laws. An attorney can prepare legal documents, and represent you in court. The real estate attorney is impartial because the attorneydoes notget paid a real estate commission after the sale. A real estate broker only gets paid ...

What does a Florida real estate lawyer do?

Appraisals can be challenging, and different appraisers may have different results; a Florida real estate lawyer can help buyers and sellers determine what to do, or recommend contract clauses to address appraisal issues, if there are varying appraisal valuations or if the property appraises for less than the contract price. 10. ...

Do retirees want to own a home in Florida?

In Florida, particularly South Florida, families want to own a home; retirees want to buy a condo or townhouse; investors from around the country and world want investment property, including rentals; and vacation homes in or near the water are a dream of almost everyone. For most buyers, the purchase of a home, condo, ...

What happens if a real estate agent recommends an inspector?

Therefore, if a real estate agent recommends an inspector, there might be a conflict of interest. The inspector may be inclined to let the sale proceed by overlooking issues in order to get future referrals from the agent.

Should I trust my agent?

If you are a buyer, working with an agent, you should be able to trust your agent’s recommendations on all aspects of your transaction. However, given the risks associated with the buying or selling of a home you have to do your own due diligence and critically review all recommendations made by your agent. This includes recommendations regarding financing, legal advice, closing costs, escrow, making an offer, attending an open house, yes even finding an inspector.