Friday, November 20, 2009

Real Estate Paralegal

The paralegal participates in every aspect of a real estate law firm. The skills used by paralegals in a real estate law firm include preparation of legal documents, examination and review of real property titles, preparation of land descriptions, preparation and review of leases, and fact-finding investigation required to represent purchasers, sellers, and lenders in connection with real estate transactions. Real estate paralegals are employed in private law firms, corporate legal departments, and government agencies. Real estate is a “bread-and-butter” section of many law firms, from sole practitioners to the largest national firms. Most paralegals employed by law firms or corporations are used to assist in the transfer of ownership to real property, the development and leasing of real property, and the closing of loans secured by real property.
A paralegal may prepare a real estate contract. The preparation of a real estate contract may be considered the practice of law in some states, so the paralegal would need to work under the supervision of an attorney. The attorney would do the final review and approval of the contract and would be responsible to the client for its content. The preparation of a real estate contract must be done with considerable care. It is important that all the language in the contract be drafted clearly.
The real estate paralegal must develop organizational skills and learn to work in a timely fashion. They must also never neglect the personal part of the practice of law. It’s important to get to know the clients and various styles of conducting business and to work within those parameters. If there’s one thing people care most about it’s their money. When you’re dealing with real estate, you’re dealing with a lot of money. Clients take this very seriously as should you. Be Positive. Be Professional.

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