Understanding Real Estate Law

Thu 12th Jun, 2014 | Blog by Michael Michetti

How do real estate laws work?

Real estate laws exist to determine a fair contract or a fair market value for property, land, buildings, and homes. Each state has a different protocol, deciding how citizens can use and exchange real estate properties.

The real estate laws set in place by your home state set the etiquette for the contracts and uses of property in that state. Usually, real estate attorneys will inform their clients of these rules when they purchase or sell the property.

“Real estate transactions don’t always work out, and when they don’t, it is common to involve the court in a lawsuit. Real estate lawyers represent their clients in real estate litigation. This includes drafting legal pleadings to file with the judge, participating in hearings and trial with the judge, and filing appeals if necessary. It also includes bargaining with opposing counsel to try and work out settlement agreements.” Read More | San Francisco Chronicle

The laws set by the state also determine the protocol for the relationship between parties, for example, proprietors and tenants. Between settling debating parties and ensuring sales are fair, real estate law plays an important role in keeping the everyman safe from shady deals and unfair practices.