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gregorygarver.com San Francisco Real Estate Forum
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BUNDLEoPROBLEMS
Joined: 10 Jun 2004 Posts: 2
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Posted: Mon Aug 29, 2005 7:43 am Post subject: Real Estate Professionals [Please Read]----Help with my "?'s |
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| Have you ever used a real estate attorney?If so what services did you pay them for? I have been working in real estate for a few years now and have learned an immense amount of information working with so many people involved in real estate. I want to skyrocket to the top. I want to master all there is to know. I am to the point where even a brokers lisence wouldnt be satisfying enough. I wonder how long it takes to become a real estate attorney? I work with a great atty for 90% percent of the work that I do. Couldnt make it without him, and his rates are extremely budget worthy. Have you ever used an attorney in Real Estate?If so, what did you need help with?If you are a real estate attorney, where do you get the most buzz?Thanks so much |
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linkus863620
Joined: 27 Sep 2005 Posts: 5
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Posted: Tue Sep 27, 2005 1:29 pm Post subject: Real Estate Professionals [Please Read]----Help with my "?'s |
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| My father is a retired real estate attorney but he dealt mostly with commercial real estate dealings rather than the residential closings where you are used to seeing one. My real estate company has a real estate attorney on retainer to address any potential issues that the agents come accross and to answer questions the principal broker doesn't know. We also have the resource to call one of the real estate lawyers that work for our state real estate commission. It takes 3 years of tough school to graduate law school and a bit longer to take and pass the Bar exam, all of which is required to become an attorney of any kind. And as long as you have a license to practice law, you are capable of being a real estate lawyer. In my state the law doesn't require you be a lawyer to do closings but since the lawyer represents the bank at closings most closings are done by lawyers despite the simplicity. I have had two clients that have hired real estate lawyers to sue sellers as a result of perceived errors they received in the seller disclosures after they bought their houses. One won a good chunck of change because the seller ommitted some water damage he absolutely had to be aware of, but tried to hide. Many real estate lawyers are best at doing closings and not as good in the court room.In real estate, lawyers are also paid to do title searches, but what most don't realize is that the title work is almost always farmed out for a fraction of what it the lawyer charges for the work. If you ever go down to your county court house where the title records are stored you will likely run into the 2 or 3 young lawyers who spend their entire days down their doing title searches for all of the other lawyers in town. |
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