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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| Tue, 6 May 2008 15:00:00 GMT Business in the Burbs: Pace to offer master's program in real estate... ...said real estate law can be more rewarding than other fields of law because it involves creating deals. "A lot of law and image of the law is... Click here to read this Real Estate Law news article. |
| Fri, 2 May 2008 03:13:00 GMT LandCastle Title Establishes Vendor Management Division Atlanta - ATLANTA -- LandCastle Title LLC, the title company of Morris|Hardwick|Schneider, one of the nation's largest real estate law firms, has Click here to read this Real Estate Law news article. |
| Mon, 28 Apr 2008 18:23:00 GMT Saudi Arabia It relaxed visa procedures for tourists, and encouraged direct foreign investment. Seven months later a new Real Estate Law... Click here to read this Real Estate Law news article. |
| Mon, 28 Apr 2008 17:55:00 GMT No Title? No Aid for Post-Katrina Rebuilding Meyer, who wrote the definitive textbook on Louisiana Real Estate law, finally concluded that legally transferring a title is far more... Click here to read this Real Estate Law news article. |
| Sat, 26 Apr 2008 19:48:00 GMT In School's Effort to Grow, Fear of a Faded Ideal ...then announced its intention to flip the 57-unit tower by selling it to a nonprofit buyer (taking advantage of New York real estate law). Click here to read this Real Estate Law news article. |
| Sat, 26 Apr 2008 03:38:00 GMT In School's Effort to Grow, Fear That an Ideal Has Faded ...then announced its intention to flip the 57-unit tower by selling it to a nonprofit buyer (taking advantage of New York real estate law). Click here to read this Real Estate Law news article. |
