Real Estate Closing Title Exam

One of the primary activities a real estate closing attorney performs is examining chain of title.  The chain of title to real property is the history of its ownership. Each transfer from one owner to another is a "link" in the chain. A link can be a deed, a will, an intestacy, a lien foreclosure [...]

By | 2018-02-22T13:53:51+00:00 November 1st, 2017|Real Estate|Comments Off on Real Estate Closing Title Exam

Real Estate Legal Description

An attorney who prepares a real estate contract should use as specific and definite a legal description of the land as possible. Ideally, a metes and bounds description or a lot and block description referring to a recorded map should be used. In some cases, this type of description may be unavailable. A street address [...]

By | 2018-02-22T14:05:47+00:00 October 27th, 2017|Real Estate|Comments Off on Real Estate Legal Description

Real Estate Contract vs Option

A contract to sell real estate is a bilateral agreement (usually subject to certain conditions) between a buyer and a seller that sets forth the intent of the parties with respect to buying/selling the property. An option, on the other hand, is an agreement where seller grants to buyer the right (upon certain conditions), but [...]

By | 2018-02-22T14:06:17+00:00 October 25th, 2017|Real Estate|Comments Off on Real Estate Contract vs Option

Real Esate Buyer’s Broker Commission

There is a major difference in the source of the brokerage fee for a buyer's brokerage fee for a buyer's broker under a buyer agency contract as compared to the situation where the agent working with a buyer is a seller's agent of subagent. When there is no buyer's agency agreement (all agents are seller's [...]

By | 2017-07-05T15:23:13+00:00 January 13th, 2017|Real Estate|Comments Off on Real Esate Buyer’s Broker Commission