Real Estate Law
Real estate transactions are governed by a wide body of federal statutes and state statutory and common law. The requirements established by state law differ significantly from one state to the next.
Real estate brokers are employed as an agent of the seller in order to obtain a buyer for their property. The contract between the broker and seller is called a listing agreement. Real estate brokers and salespersons are licensed and regulated by local state laws. Professional organizations may also provide further guidelines. The Federal Fair Housing Act prohibits discrimination in real estate transactions on account of race, color, religion, sex, or national origin. Real estate brokers are specifically prohibited from discriminating by the act.
The agreement to sell between a buyer and seller of real estate is governed by the general principles of contract law. The Statute of Frauds requires that contracts for real property be in writing. A title insurance company is often employed to investigate whether the title to the property is marketable. Title insurance companies also insure the buyer against losses caused by the title being invalid. In order to pass title, a deed with a proper description of the land must be executed and delivered. Some states require that the deed be officially recorded to establish ownership of the property or provide notice of its transfer to subsequent purchasers. The most common method of financing real estate transactions is through a mortgage.
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| Mon, 5 Jan 2009 18:05:00 GMT Annette Rittmuller Joins Allen Matkins SAN FRANCISCO--(BUSINESS WIRE)--Allen Matkins Leck Gamble Mallory & Natsis LLP, a leading California-based business and real estate law firm, announces the addition of Annette Rittmuller as senior counsel Click here to read this Real Estate Law news article. |
| Mon, 5 Jan 2009 07:36:00 GMT LI PEOPLE ON THE MOVE The Garden City resident is managing partner at the law firm Farrell Fritz, where he concentrates on corporate, banking and real estate law. Click here to read this Real Estate Law news article. |
| Sat, 3 Jan 2009 07:38:00 GMT Wichita Realtors to offer classes in continuing education ...begin at 1 p.m. Thursday with "No One Looks Good in Horizontal Stripes," a three-hour course on real estate law by Trista Curzydlo, WAAR's... Click here to read this Real Estate Law news article. |
| Wed, 31 Dec 2008 20:04:00 GMT Rabin Medical Center Saves Lives Attorney Robert J. Ivanhoe, chair of the global real estate law practice... Click here to read this Real Estate Law news article. |
| Wed, 31 Dec 2008 07:08:00 GMT Name game shuffle for Brooklyn courthouse What: politics · government · real estate · law · historic buildings politicians · presidents · theodore roosevelt · renamings... Click here to read this Real Estate Law news article. |
| Wed, 17 Dec 2008 06:14:00 GMT Understanding Surveys and Decoding Legal Descriptions Part Six of the Essential Issues in Commercial Real Estate Law 2008 Teleconference Series Format: Teleconference and Live Audio Webcast Duration: 120... Click here to read this Real Estate Law news article. |
