Most people are introduced to the intricacies of real estate when they plan to purchase a home. Many choose to retain a real estate attorney to aid them in the process. So, just what does a Real Estate attorney do…and what part does the Real Estate paralegal play in this complex process? Let’s take a few minutes to highlight the paralegal’s supporting role.
Real Estate Law – A Definition
Real Estate law falls under the Civil Law umbrella and covers the right to possess, use and enjoy land and the permanent man-made additions that are attached to it.
The Role of a Paralegal in Real Estate Law
A Real Estate attorney advises and represents a client on possible issues in every stage of a real estate transaction, such as:
- Home buying and selling
- Tenant, title or other issues attached to the property
- Covenants or restrictions on the property that might limit use
- Financial obligations
- Potential zoning or environmental hazard issues
- Boundary disputes; trespass, nuisance and encroachment issues
- Foreclosure proceedings
Specific paralegal tasks will vary from job to job; however, a paralegal might assist the attorney by performing the following tasks:
- Maintain correspondence between each participating party of the transaction, such as the client and title companies, lenders, surveyors, appraisers, etc.
- Coordinate scheduling and tracking of deadlines
- Review title commitments, survey plats and legal descriptions
- Generate and review closing documents
- Pick up and/or deliver highly sensitive real estate transaction materials
- File corporate documents
- Draft, review and coordinate the execution of commercial leases
- Maintain status reports and create lease abstracts
- Open new files and track accounts receivable
Real Estate Broker and Paralegal
Are you a real estate agent? You are the perfect candidate for a real estate paralegal position. An important key to finding a paralegal job is to possess paralegal training. Attending a paralegal school, such as the AIPS 100% Online Paralegal Certificate Program, will teach you specific and applicable paralegal skills. Combine those with your real estate experience and you will set yourself apart from other job applicants.
Beneficial AIPS Courses
- Criminal Law
- Business Law
- Tort Law Trial Practice and Evidence
Check out this video on Real Estate Law produced by AIPS instructor Suzanne Bechard: http://youtu.be/QWS2Uo66qzE
Classes begin, monthly. Invest in yourself. Apply, today!