What is residential real estate law?

Residential real estate law is the legal framework that governs the buying, selling, and owning of residential real estate in the state of California. It covers a wide range of topics, such as the rights and duties of a buyer, seller, lender, tenant, and landlord; the types of contracts used when purchasing a home; the rules for transferring titles; mortgage loan agreements; and the types of landlord-tenant disputes. The first step in understanding residential real estate law is learning about the different types of property: residential real estate, commercial real estate, and agricultural real estate. Residential real estate is characterized by its primary use – as a home or residence. It’s a type of real property that’s typically bought, sold, and rented out. Residential real estate law also addresses the different stages of residential real estate transactions. For example, during the process of buying a home, potential buyers and sellers must agree on terms, such as the purchase price, home inspections, closing costs, and title transfer. The seller must also provide disclosure documents to the buyer, which may include a title report, property condition report, and seller’s disclosure statement. The residential real estate law also covers a variety of other topics, such as easements, mortgages, zoning ordinances, building codes, and homeowner associations. By understanding the law, buyers and sellers can ensure that their rights and interests are protected during a real estate transaction.

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What is residential real estate law?

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