What is the difference between a real estate broker and a real estate lawyer?
Real estate brokers and real estate lawyers are both integral parts of the real estate industry but they serve different functions. A real estate broker is a professional who helps facilitate real estate transactions by helping buyers, sellers, or renters find the right property that meets their needs. Brokers also help negotiate the best deal for their clients. They draft and review documents, such as purchase agreements and leases, and communicate with all parties involved in the transaction. In contrast, a real estate lawyer specializes in the legal aspects of real estate transaction. They provide legal advice to buyers and sellers, review contracts, and ensure that the laws and regulations applicable in California are followed. They also represent their clients in court proceedings, if necessary. Real estate lawyers also handle closings, title searches, and other administrative tasks related to the sale. In California, real estate brokers and lawyers must be properly licensed before they can practice. Both positions require specialized knowledge and education, so it is important to make sure that an individual or a firm holds the necessary qualifications before entering into any real estate transaction.
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