What is the role of a real estate attorney during a transaction?

The primary role of a real estate attorney during a transaction is to review contracts and ensure legal compliance. This involves carefully examining all legal documents related to the real estate transaction, including purchase agreements, title documents, closing statements, and more. The attorney's job is to ensure that the contracts are fair, accurately reflect the terms agreed upon by the parties, and comply with applicable laws and regulations.

They help identify any potential legal issues that could arise during the transaction, such as unclear language that could lead to disputes, or provisions that could impose unexpected liabilities on their client. By doing so, the attorney helps protect their client’s rights and interests, facilitating a smoother transaction process.

While other roles in a real estate transaction involve marketing the property, arranging financing, or conducting inspections, these responsibilities fall outside the typical purview of a real estate attorney. Their focus on legal compliance is crucial in preventing complications down the line and ensuring that all parties meet the necessary legal obligations throughout the transaction.