Just like with any industry, theres many people that have found a career calling in the Legal Field dealing specifically with Real Estate. The Real Estate field is ever evolving and cyclical. Many people get into the Legal side of the industry after spending time as a Realtor or Realtor/Broker or spending time as one of the many different types of lawyers in other fields of law.
While there are many ways someone in the Legal Field may get exposure to Real Estate, but below are a few of the primary jobs that career driven legal professionals end up practicing some type of law in this private sector of American Industry.
- Title Attorney: There are several states in the United States that require an attorney be present at closing as a title representative due to the legalese of the documents that are required to be signed and recorded with the county. Title attorneys essentially perform some of the similar functions o f a title agent in the states that do not actually require an attorney present to conduct the closing of a real estate transaction. Attorneys in these states are usually present on any purchase or refinance transactions.
- Paralegal: As with many legal job duties, the Paralegal job description can differ from firm to firm depending on what activities the paralegals are required to do. Paralegals can do anything from helping a title attorney, or helping a divorce attorney settle property disputes.
- Divorce Attorneys: Many divorce attorneys have at least some experience in the real estate side of the business as they can be called upon to help settle disputes amongst divorcing couples during a separation or divorce. While they may not be fully versed on all of the intricacies of a real estate contract, most of them have a basic knowledge of real estate law due to the complexity of divorce proceedings.
- Real Estate Attorney: This is perhaps the most practical application of Real Estate law. While some Real Estate Attorneys will perform Title Attorney responsibilities, many are delegated to simply helping out with estate planning and settling disputes over purchase contracts or closed transactions where there was something that went wrong after the fact that may not have been disclosed during the purchase process.
- Commercial Real Estate Paralegal: As with Residential transactions, commercial transactions often require attorneys or Paralegals to perform different tasks within them in order to close in a timely fashion. Commercial real estate transactions are often more complex and have more documentation during the course of the transaction over residential real estate transactions.
While this list is not all-inclusive, it should give you a good idea of 5 basic legal jobs that are quite common in todays real estate field.
Legal practice is something that is consistently in need and desired in the field of Real Estate and both career outlook and job security are things that will remain on a positive trend for the foreseeable future as long as there are real estate transactions to be performed.
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