What is the difference between a real estate broker and a real estate lawyer?

A real estate broker and a real estate lawyer both play important roles in commercial real estate law in Virginia. A real estate broker is responsible for helping people buy and sell properties, such as houses, commercial buildings, or land. This entails helping to identify potential buyers or sellers, developing a listing for the property, and negotiating the sale of the property. In contrast, a real estate lawyer is responsible for providing legal advice and services related to commercial real estate law in Virginia. This includes drafting purchase contracts, reviewing and preparing leases, and advising parties in disputes regarding real estate. Additionally, real estate lawyers may review zoning laws and regulations, and investigate zoning requirements before advising on a real estate transaction. Real estate brokers and lawyers often work together. A lawyer may provide legal advice and guidance throughout the transaction and the real estate broker may assist with the logistics of completing the deal. In commercial real estate law in Virginia, both parties must ensure they comply with state regulations and understand their rights and obligations as part of the transaction.

Related FAQs

What is the difference between a real estate broker and a real estate lawyer?

Related FAQs

Related Blog Posts